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
DeFi hype wasn't the reason for the pump in the prices of cryptocurrencies, and the most probable reason for the dump in prices can be the stock market crashing right now and all of us know that the Cryptocurrency market also mimics the stock market in trends. The fall can be because of a lot of reasons: 1. The GDP of every country is falling which show economy isn't performing well and hence the fall in stock and Cryptocurrency prices. 2. The border wars between India and China and America coming in support of India. In response to which China is selling the bonds and cutting it's reserve of US bonds. Open to hear other's opinions. I noticed that you write literate things and decided to ask you. I have heard that owners of large assets (even States or large investment funds) can withdraw fiat money (their assets) through crypto, and this also creates a kind of market upswing. Could this be true? Thanks! |
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There are no audited ICO, at any time the company may become bankrupt and not bring any income. It’s like venture bonds - high risks and high returns in case of good analysis and luck.
You will find a good ICO only with time and EXPERIENCE.
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I believe that Bitcoin is the most important and most powerful coin. At the moment, no other coin can push Bitcoin from the first place.
This is evidenced by the fact that Bitcoin is tied to futures. Bitcoin is planing ETF, not any other coin. Therefore, no one will come to the place of Bitcoin in the near future. |
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Since Bitcoin exceeds 50% of the capitalization of all crypto, its rate affects the rate of all coins.
Since the market is still young, the course of Bitcoin is influenced by many factors.
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Whoever expects that a crypto is an easy way to get rich is the first to lose all the money in a crypto.
Grow in crypto smoothly, study the market.
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I think this is a bad decision. Ethereum is clearly not in the best situation. And Bitcoin, even at this unstable time, is more or less normal. Therefore, I do not recommend converting Bitcoins to Ethereum.
The dual situation, on the one hand, bitcoin looks more stable than other coins, but ethereum is used for most altcoins. |
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I think this is a very small amount in order to earn big money. The more you have the initial capital, the more you will immediately start earning. However, the risks of losing your money also increase.
In trading as a business you do not need a lot of money to start, you need to learn a lot from the mistakes of others. $ 100 is enough to start. |
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In my opinion what can make me trust a new altcoin is that they must have a good working product and should ready to buyback. I think with that I know they really mean business
To the above, you can add - a good marketing plan for several years, the correct distribution of coins, the coin should be a utility and not security. |
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The market has realized most of these coins are worth nothing and the promoters have no intention of developing the ecosystems
It is true that there are too many useless coins on the cryptocurrency market, which will die soon. They have no future because they do not have an application field and they do not solve real problems. Because what is happening with crypto now, all these ICO are very similar to venture capital investments. And in venture investments, a large income and big risks to lose, since only one company out of 15 will show good results. Now, little time has passed to analyze the market and say that there are only fraudsters here. Now the SEC strongly took up the crypto, it will give good results. |
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And what is there to know? If you bought a token, and it has grown 10 times then you can sell. Of course, if you don’t have enough of such a profit, then you can hold it for another couple of years. But the main thing is to withstand such falls as now.
On such falls you need to buy. In order to earn excess profits, investors enter the market when it is red. |
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For me bounties are not a job, it is a long term investment of my work. When the market will recover, all my work will be rewarded
I really hope that when the market starts to recover, then all the altcoins will go up, and then we will earn more than the bounty hunters now earn. p.s. for me, bounty is work |
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I think there is no quick way to get rich in Crypto because we have to be businesslike and careful in determining the bounty or coins that we will invest, those who want to get rich quickly in my opinion are greedy people and don't think if crypto will not grow in time 1 -2 weeks
Get rich in a simple way will not work. I know only a few traders from hundreds of thousands who have become rich, and I do not know a single bounty hunter who became rich while doing bounty. Perhaps if your blockchain startup works, then you will become rich. |
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Right now I prefer only bounty's because it still can be very profitable for me. If we talking about airdrops I can say for sure doesn't worth it, I participated in a lot of airdrps last moth and I got almost 0 profit.
because airdrop only gives little rewards and now there are so many airdrop scams, it's better indeed to join a bounty campaign because the results are very proven but have to spend a long time. Now bounty is not so profitable to do. The market fell, and many hunters appeared. Better to go to traders, there is more interesting income |
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I have the experience the wallet have be hacked by someone, I still have not understood why they have my private key, I never told anyone before and don't know how can send all my fund in the wallet, so be careful how to protect your account.
Perhaps you went to the wallet scam site or you have a virus on a computer that steals data, or you have applications in the browser that steal data. But most likely, you just went to the scam site and entered the key. |
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Naturally, smaller companies bear less responsibility (they are not in a hurry to go to the stock exchange, delay bounty payments, and no one is following this), there are a lot of them that they can be confused. Investing in such companies is more risky, but they can give significantly more XXX.
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Bounty is a complex job that requires the ability to analyze a lot of companies and calculate profitable and discard scam projects. The first money comes usually not earlier than in 3 months, depending on involvement in the work. Just keep working.
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Should we hold on to altcoins which we have invested and see the price dropping every moment or it will be better to sell them and buy it again when the value pumps ? I have already lost a good margin of profit with the ripple I don't want to make the same mistake with the Lumens which I Hold so should I hold on or sell out ?
Depends on your coin to be honest. You should just invest in it properly. If the coins are Paragon, Stellar and Cardano them you can always hold them for some time and then sell when it rises. I do not understand those "traders" who are wondering - "and not to sell me all my coins when they lost value." Perhaps these people do not receive a salary at work, while they themselves pay their employers)) |
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Hello.
do you think it's a good time to invest in Ethereum?
Considering the low value of ethereum right now, we can say that it is a good time to invest on it right now. Although it was surpassed by xrp recently, it doesn't mean that it would stay that way, ethereum has a lot of great potential of being a good coin in the future. Start buying and investing and hold it and you will surely benefit in the future. There were reasons for lowering the cost of eth. But after a successful hard fork, time will pass and the cost will rise again. Also on the cost of eth will affect the ICO, which will begin to actively appear in the near future. |
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People can not fail. Everyone always wants to earn only, but no one wants to lose. With all this, people enter the market without knowing the simple rules of trading and investment, simply because of greed they lose their money.
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