When bitcoin at $64k XLM also went up in price and all altcoins went up at the time, but now altcoins are falling in price because the price of bitcoin is also down and is at $46xx. Since many predict the price of bitcoin will rise and of course the market becomes bullish, then XLM is expected to rise as well and other altcoins. So today xlm price is cheap. When the price goes up, you can sell as soon as possible before market conditions become bearish, so there is no need for long-term investment.
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I don't want to be too greedy in trading or investing in this crypto. When I hold an altcoin and he's already given me a 40x profit for example, I'll be right out of that coin. Because then there will definitely dump, which we never know until when dump will occur. I didn't want to have to wait years, because it was my mistake to hold coins with greed.
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Ethereum is more of its community because it is more promising, it proved many new projects have sprung up using the ethereum platform to now. Although it is said that now the gas fee for ethereum is very expensive, but ethereum is looking for a solution and is now being developed. Maybe it needs to take time. Of the many reasons I chose ethereum, now the price going to the sky.
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In cryptocurrency, patience is necessary. But we also have to look at the situation, if the coin we hold at that time is already good in price, it never hurts to sell it because it has pocketed a profit. We never know if then a dump on the coin we hold may have to wait for it to go up for years, or even its coin dies or scam. But if someone wants to speculate, that's okay.
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To date, ethereum could not lower the very high cost of gas on its platform. We've been waiting for a long time to fix ethereum. But that's how in any business there will be competitors who can provide such solutions, such as the BSC and TRX platforms. Currently, they are the one solution that can help in dealing with the high case of gas on the ethereum platform. So it's only natural that BSC is increasingly being used by altcoin projects. And I also don't know, whether ethereum can make gas as cheap as BSC or TRX provides.
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For your newbie account, you can only follow airdrops and social media activities on altcoin bounties threads. But besides your account used, to follow social media or airdrop, you must have social media accounts such as Twitter and Facebook with many followers. Because with many followers it can determine how much reward you will get. So if you're ready with your social media accounts, do it!
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For beginners in my opinion it is not advisable to hold a lot of coins. Maybe just enough Bitcoin or ethereum, it could also be BNB. But still you should always monitor the market, to know the price movements. But for altcoins it is too complicated if for beginners. You should be able to choose altcoins that actually make a profit, but not all altcoins are good and potential.
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That's why the world of cryptocurrency sometimes always gives unexpected surprises. Like the Doge coin that arrives hype because of Elon Musk's support. And we can't predict whether it's in future that will suddenly hype like Doge. Many potential coins are rising slowly but surely, such as ADA coins or BNB and Ethereum. Look at the price of the coin is now very high. But it could be outside of the 3 coins above there are hidden coins that can be gems. We never know. It all depends on the developer and owner of the coin. If they are serious and have a lot of funds, there could be the next Doge.
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Actually, cryptocurrency already provides many benefits in my life and family. In cryptocurrency everything seems easy for people who only look from the outside, but when it has entered it, there are so many obstacles that we have to overcome, even besides me, many have felt the dark side of crypto. The inevitable dark side of fraud, cheating. It makes us sick. But besides that crypto has also provided livelihoods and so crypto is an option in my life.
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Therefore, ethereum is in such demand by many that adoption is increasing mass, including for many whales who invest a lot of money into ethereum, such as the fresh news that a whale invests 500 dollars for etehereum. In addition, ethereum is also very attractive to investors with the presence of a hard fork in London, so the value of ethereum is increasing at this time. But I can't buy ethereum so much, I only have a little of ethereum.
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Several times I've experienced the natural OP in this regard. And although the team has a grace period for investors to swap their tokens, they only give a short time, like only a month. For investors who do not always monitor it will be caught in the team game. And the result is a loss for those who have these tokens. Especially for me as a bounty hunter, a lot of shit tokens like that, so the result is zero and becomes a display only in the wallet.
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Currently, the bullish crypto market is still new, because it lasts about 3 weeks. So indeed in the market I see some bullish altcoins such as ETC, BCD, AAVE, ACT and others. But indeed most altcoins that are bullish now have not reached the price I targeted. But slowly all altcoins will be bullish if bitcoin raises its price steadily. But not for shitcoin.
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Someone who has experienced being fooled by shitcoin like me for example. It becomes a lesson and experience that in the future in trading and investing, you have to really choose coins that are fundamentally good. Because if not, even though the price is very cheap, if it's shitcoin he can never rise, even in a market that is bullish. Everyone who experiences this kind of thing has experienced the pain of losing capital in investing.
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For now, if I look at the market, I choose Zil because the price is lower than ADA, ADA has gone up high today. And Zil still has that opportunity, Zil can still go up many times. In addition to Zil there is also XLM which is still cheap and Qtum. For Waves I think prices are already high, but Waves will definitely fly higher if the current market continues to bullrun. Almost all altcoins will go up, so it is free to choose, if you already know the history and lowest price of the coin.
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I invest little in crypto. And it's also that my investment hasn't been profitable, so I'm still losing 50% of my current capital. I just hope the market stays bullrun and has a new ATH again, so that my capital returns 100% even I can make a profit. I invested in several altcoins and bitcoin.
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Too ambitious to invest when the market is bullrun as it is now, will indeed cause losses. Especially if it's greedy. Investing is indeed what we should do if the market is down so that our bullrun can take profits. Don't let us suffer losses because we take the wrong step. It's also a lesson for me. Of course because I once did a stupid thing, which is to invest in bullrun. Where when the price of bitcoin and altcoins is high. I'd rather be a little patient to invest when the market is bearish.
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With this new bitcoin rise, hopefully, this is a good sign that bitcoin will return to bullrun and have a new ATH rather than yesterday's bullrun. Of course it will exceed $60k, but I can't predict what the price of bitcoin will be. Will it reach about 80000 or 120000 USD. We just observe together and bullrun this time will of course return losses to traders and investors who were stuck at a high price in yesterday's bullrun, when bitcoin went low at $30k.
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The market is back in a bullish state at the moment. Because we've seen that the price of bitcoin is going up and altcoin prices are going up at the moment. I was sorry that when bitcoin was still at $30k, Cardano coin price was not as high as it is today. Maybe I won't buy altcoins right now, because now they're on the rise. I just want to avoid buying when the price is above. Maybe for anyone who wants to buy coins at a cheap price, have to wait patiently, when the market is down.
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Using bots in trading can indeed help streamline the time in analyzing a coin and can make a profit without having to bother and look at the chart for hours to predict where price movements. But the use of bots in the long term will not actually provide a good solution if you want to become an expert trader. Traders should be able to understand and master many coins, as well as understand the market situation. So in any situation will a trader always be ready.
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In fact, many investors have also invested in this Shib coin and expect the Shib coin will rise higher than the price at the time of release on the exchange. But it turns out that the expectation is only in vain, because the Shib coin is down and could not return to that price when it was first released on the exchange. We can expect it to go up, but not for $1 soon. Shib up to 0.001 I've been happy because I also hold the Shib coin. It looks like Shib coin holders should be patient for significant price increases.
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