During the year 2018 when the market started to drop drastically more people started to speculate that 2019 will be a big year for cryptocurrency.Very specifically the year to be big for ethereum is much into speculation.
Every form of prediction went wrong and the market stood stable within specific price margin. Now the growth of bitcoin and ethereum is marked to continue after the correction. More chances are there for a new ath, and if this didn't take place surely it'll take atleast 2021 December for the same.
What I wanted to see first is a momentum in the price of the ETH, right now it dropped more than -15% in just 4 days so for me it is not good even there is a good news which is the release of the Ethereum 2.0. So for me it will take many more months before we finally see Ethereum to make a move, the whole crypto market is currently dropping and I do not know why it is happening. There will be a new ATH that will form but for sure it will happen next year maybe in the mid of 2021. |
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It is true that BTC is currently correcting, and this is a really good moment to look at and buy Altcoins, but remember to never buy a bad Altcoin on an exchange, so if you are not good at judging how Altcoins are progressing don't ever buy them, because things like this which is very risky for you in the future. It's better to ask someone around you who is more familiar with the world of Altcoin trading, that way you can find out which Altcoin you should buy there.
Buying at dips are actually good strategy because the general market movement is currently retracing. I'm looking forward to see a perfect opportunity for me to entry with perfect execution. Buying good altcoins are really as long as it have a high volume and good liquidity. There is a risks but you can manage if you will invest un your knowledge. |
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BTC price dropped and everything followed, price correction is to be expected since the market had been pumping a few days ago. It was not just ETH but almost everything in the market dropped.
that means ethereum can't leave from the domination that has been made by bitcoin. Another major crypto was dipping too due to the recent bitcoin dump. The whales have been making a lot of noise around the market and they were dumping it when the market started to feel confidence with its position. There's not bad news about ethereum. All of these drops were caused by bitcoin. It is just market sentiment, look at the majority of cryptocurrencies where most of them are now retracing and dropping but for me is just normal because prices are now exhausting after increasing in consecutively days. The manipulators are now trimming wherein they are now taking profits that makes the price goes dump. |
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I'd like to buy altcoins that are currently trending like ETH and XRP, those two have good performances in these past days especially the XRP wherein it has a rally that makes its price to have triple digit gain. Eth recently bounce on its resistance so for me it will take time for it to have a rally like what happened into XRP.
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I always believe to the ethereum that it will remain as the king of all altcoins, it prove a lot now and the last previous years that it is king of the altcoins. I believe someday it can defeat the bitcoin someday and become king of all crypto coins who is the most powerful coins.
Ethereum price is expecting this year or next year to be reach the highest value of it and that is 1k dollars.
As for my own analysis, it seems that ETH is staying King of the alts but there is a coin that is competing the throne and it is the XRP where it has a sudden pump last 2 days ago where it considered as good. But the thing is the ETH has still the highest market capitalization in all of altcoins. As for my prediction, I'm expecting that the ETH will reach the $800 before the December ends, the market is currently doing good and for me it is better if we will now make strategies to not miss a lot of opportunities. |
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People are becoming too greedy wherein they are not taking profits or selling the coins that they hold because they are expecting that it will forever go up then suddenly they will regret their decision if a dump happen suddenly. Controlling greed is the key in our investing journey because if you let your greed control you, there is high possibility that you will lose your capital by doing a lot of wrong decisions. It is still better if we know how we will manage our emotions very well in order for us to become successful investor.
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When choosing a crypto exchange, make sure that is has a good reputation because there are a lot of crypto exchanges in the past where in turned to scam and they steal the funds of all the users. A good crypto exchange should also have legit volume where you can easily enter and exit in a trade. It is also should have good support because if it has a slow support then for me it is not good crypto exchange and it should be avoided in order for us to have convenience when doing trading.
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It took a long time to get here but we are finally nearly there. I have been waiting for bitcoin to reach back to $20k for a long time now, I knew it would happen and I trust that it will happen with another less than $2k increase, but honestly it took too long to get here.
Just think about what bitcoin represents and you will realize that bitcoin should have been over $20k for a long time now, with all the big companies, investors, banks and everyone else realizing the potential of bitcoin this year during the pandemic break and how bitcoin managed to recover faster than anything else and not only recovered but doubled? That was a no-brainer but this was something that was predicted before it happened as well, so people should have reacted quicker before anything happened.
It really took time and actually the price increased of the bitcoin is really fast unlike the other assets wherein they are gaining 100% and up in years but the bitcoin did it in just months. I have bitcoins in my wallet and I'm happy that the price is continuing to increase but I know that I will not hold it forever and I just finding a right opportunity to sell all of it maybe I will sell it if it experience a major breakdown or huge drop. I will never do again what I did in the last bull run where I waste a lot of opportunities. |
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I also suggest spot trading for beginners and do not yet try margin trading because of the high risks, if you cannot make money in spot trading then how you will make money in margin trading? It is about experienced, I also suggest others before they put real money better to try paper trading first in Etoro wherein you can practice trading with limited cryptocurrencies like BTC, ETH , XRP, LTC and many more. You will only lose your first investment if you quickly put money wherein you are not yet know how to execute a certain trade.
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I do not invest in ICOs or projects that in its early phase, I only putting my money on altcoins that are listed wherein there are some guarantee that my money can make money but still there are risks when choosing an altcoin and that skill is important to learn because there are investors and traders who do not know how to pick a right altcoin. A good altcoin have a billion market capitalization where its daily volume is also big where it indicating that there are many people willing to purchase that coin.
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I currently mining or have mined these altcoins, I would to know which coin the board thinks has a ggod chance of higher advancement in the future long or short term. The coin are : Bitbar, digibyte, zero, komodo, zel, vidulum, einsteinium, Lbry credit, bitcoin gold, verge, beenode, ycash, gleec, bitcoin sv, litecoin, zcsh, verus, bitcoinz, zclassic, and safecoin
I can't say that they are all good to hold either for a long-term and short-term holding. A few of them are worth hold but some of them also are nothing. If you have data in each coin, it might easier for you to choose whos gonna stay for long or has to let go. Because for me, I'd rather have to keep those coins that I see that have huge market potentials than holding those coins that it almost been dead for quite long. Or you have to focus on 3-5 selected coins from the group. For me it is about allocation wherein we should just stick with few altcoins like 3-4 for me, you cannot focus and handle your portfolio if you have 10 or more altcoins and that kind of diversification is not good because you are not maximizing the potential gains that you can get. I have 4 altcoins in my wallet right now and these are ETH, BNB, LTC and Huobi. all of these have same amount of allocation which is 25% for me to maximize the potential reward. |
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I do not need bots or copy trading because what I need right now is books and thesis where I can study and do some backtesting for me to become a good trading. I do not even consider copy trading as good because it can help us to become a lazy trader wherein you are just following and waiting the trader to trade. What you need are the books about technical analysis, actually books about stock trading is also applicable in cryptocurrency market so I also suggest it if you are having hard time to find a trading that is purely about cryptocurrency market.
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The holy grail is you! the way in order to successful is by developing our skills and improving our knowledge. We cannot develop our trading skills if we do not give ourselves to have a time to study a lot of ideas that we can use in order to become a profitable trader. The success comes to our inner selves first wherein we are prepared to sacrifice unnecessary things in order to become a better trader. We should also become a humble if we are new in the market in order for us to become aware to our mistakes and to know where area that we should improve.
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At this time, I'm starting to consider the possibilities of getting a hike from the HYIPs that are on the throne platform. Actually, I have not done this before and there is a lot of analytical work ahead. But nevertheless, this type of earnings today for many cryptocurrency users is quite profitable. In addition, I want to draw attention to the currently popular type of activity, namely the provision of liquidity to various cryptocurrencies, which allows not only to receive passive income, but also to take care of the value of your capital.
But it's also worth paying attention to Ethereum, which is pending the Ethereum 2.0 update. Despite the fact that the deposit smart-contract is very slowly collecting coins from future validators, there is a high probability that the update will take place on time on December 1. And this, in turn, should definitely raise prices up.
For those who want to put money in short term investment then maybe Defi are for you but Defi have high risks so you need to have knowledge first before you try to put some money of it. There are a lot of people who are making triple digit gains in just days in defi so for me it is one of the best short term investment as long as we have proper risk management because there are some who do not give care on it and it is the reason why they are not making profit and they are incurring losses. |
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Even though the market sentiment is now becoming better than before, we should not fully happy because we should always be prepared on the unexpected scenarios that we can experience. I have altcoins and I have different plans in order for me to handle different scenarios that I may face, the dominance of the altcoins are continuing to decrease and it can affects the price of the altcoins so we should be ready in dumps in the market.
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There are 3 reasons that suddenly pop up in my mind. The 1st one which is bankruptcy or financial problem wherein a certain project cannot spend more money in order to cover their expenses. The 2nd one is lack of funding wherein only few investors who are interested putting money in their project and the 3rd one for me is lack of courage wherein they lose hope and it leads to them to abandon what they started.
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Maybe 2021 is the alt seasons, right now the btc dominance is really strong wherein the 24 hr volume reached $30 trillion. Imagine that kind of money wherein a lot of people are really participating in that kind of trend, most of the altcoins are still not moving so my expectation is they will make a move in the 1st quarter of the year 2021. I hope that there will be a good news and good movement when the January 2021 finally come. For sure there will be many altcoins that will have triple digit gains if the alt season will finally come.
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In the past years in this cryptocurrency project many of has experienced had I know especially me because of some cryptocurrency project I missed to participate because of fear and doubt, as a person if you begin to look at the risk and what you have lost in the digital world you Will never get yourself involve in new crypto currency forgetting that life itself is a risk. What then is your fear in crypto?
I have no fear of cryptocurrencies, I am just afraid of crowds being led by manipulative organizations. In short, I'm pretty afraid of cooperating with rich people to control the market with the bitcoins they have. As I am a part time traders it is not easy to follow the market's behavior. there was also the bounty campaign scam, which was my biggest fear. Although bounty hunters have lamented the issue a lot, admins at Bitcointalk have yet to come up with a plan to deal with the problem.  The manipulation are really scary especially if you have high position and then suddenly a huge dump appear, most of the new projects have manipulators where the volatility really spike hard. Imagine you buy then suddenly huge dump appeared, how can you able to handle it? it is the reason why I often avoid buying new token that is recently listed because most of it are just dumping so for me it is better to avoid than to incur huge amount of losses. |
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Everyone goes through the stress, but it’s always worst for the hunters. Look at the case of managers, yes they do go through a lot of struggles but they have already been paid for the work they are doing, even if they are suffering to do the work it’s what they were paid to do and I believe they possibly charged the rate that will be worth all the stress they will have to go through.
But in the case of hunters, they have a lot of works to do with hope that they are going to get paid. Some of them work hard and dedicate their time to the bounty, only to be disappointed at last and not get paid. So hunters go through the most here.
For some members of the forum, they are against and not supporting bounty hunters because they said they keep harming and tarnishing the forum but actually bounty hunters are the reason why the communication to each other in the forum is good. I also experienced to joined in bounty where they did not pay me, of course it is really frustrating because I really worked hard in order to for me to promote the products and services that they are offering. For me it is the reason why I became choosy in terms of joining in bounty campaigns. |
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The demand of the people into chainlink is keep rising and for me it can be a proof that its price will never be zero. The price of the chainlinkis good because it is still new and it is now belong to the top 10 market capitalization. For those early investors who managed to participate in this project at early stage, they are so lucky because they able to buy at the bottom and look at the price now where it keep rising and the market participants are also increasing.
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