When I see people asking for where to invest from random strangers, I know those asking might lose their fund! If you want do know where to invest, investing or trading shouldn't be your priority. You should start learning and get excellent at it. It's only when you are vast and well read that you can identify excellent project! You need a good coin that will last like bitcoin in a tupsy turvy cryotocurrency market!
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I will advice you to just follow the leader! Binance is very popular with top traders and though binance is centralized, you can still see their commitment best trading experience. Another exchange I found reliable over the year is Kucoin! The response time of kucoin is almost immediate. I have never had any problem with these two exchange!
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Shiba Inu has billions of supply and lots of people are holding. It will take a lots of supply burning for Shiba inu to appreciate for mor than 40,000%. We might see 10 times increase during meme bull run but to think Shiva inu will rise to $.10, it might not be possible!
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The question been asked is common to traders and investors alike! Should I invest more? My answer will be to invest but it must be based on the numbers! IThough, the 2020 situation is different from this year situation, I will advice you invest in stages marked by the percentage of your capital!
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Yes, cryptocurrenxy market will stalled and it is most likely that there will be pocket of pumps here and there. What will sustain those pump however will be real development and value derived! If market feels there is serious values with a particular coin, such coin will pump!
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Trading time is different for lots of people abd I believe this is because of different objectived and goals of individual. Take for example, if you are OK with scalping, there iis nothing stopping you from trading daily. However, if you are a value trader, daily trading will not fit your objectives, you will rather want to study your trade and make position on long term basis!
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Polygon is a good side chain coin that could see upward movement in price provided more utility is deploy! If polygon start to develop and add more use case beyond been a side chain, the cryptocommunity might price polygon more in value. I want to see polygon increased it's tps blocksize and possibly it's own chain with more utility!
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Litecoin price has been stagnant despite overall market growth in 2021. I think we can expect litecoin to remain around $120 to 130. If bitcoin move suddenly in either direction, litecoin might further depreciate iin price as litecoin price is strongly tied to bitcoin movements!
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One of lessons I have learnt in trading crypyocurrency is to be dead to your emotion and use numbers and historical chart to your advantage not to your disadvantage. The moment you master your attachment and emotional triggers as regard your trade, your profit will start to grow until you reach your set goal!
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The discipline requires for success iin any field is also requires for success in trading. Trading is summary of your skill, experience, patience, growth and capacity! To answer your question straight, it is possible for newbie to make success of himself in trading. It will however take time to attain success!
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It is not late to buy cryptocurrency as there are opportunities been made to buy in. The fact that a particular opportunity is missed is not the reason to stop looking and waiting for opportunities all together! I think we might be going into a long period of price corrections and discovery, one must be determined not to lose opportunity been presented in the market!
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Solana has been stable in the range of $80 to $120 and the news of joining opensea is definitely a positive one of which I believe is going to affect the solana price in middle to long term! If bitcoin continues to stay in it's range, solana should rise in price and possibly hit new ATH!
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I do not believe in a magical year or situational timing to buy bitcoin and altcoin. I have paid for been overtly optimistic and my portfolio iis down to almost 20% of my initial buy in. 2022 for me is going to be a year where I patiently buy low and lower lows!
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There are diverse approach to forming a strategy that may work for you, the best mindset is to have open mind when it comes to trading and be pro active towards the market. Win or lose, you will always learn something important about the market, your self and have better understanding of the workings of your mind! In addition, the best strategy is to do nothing!
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It is not weird to borrow to buy bitcoin especially when sales is going on. I have had to borrowd to buy bitcoin during the pandemic and there were irrational dumping of bitcoin in march 2020. That decision was one of the best decision I ever made in life!
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Stop loss is neither good, nor bad, it depends on your trading objectives! If trader is trying to keep his capital from been eroded from volatility, stop loss will definitely be a good strategy to employ. If however you scalping or trying to take a long position, stop loss my work negatively on your objectives!
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Yes! Cryptocurrency market have witness an amazing Bull run since last quarter of 2020 running into 2021 up unto last month in 2021! There are event and pattern that precedes bull run and those event until 2024! I believe the oscillating movement iin the price of cryptocurrency will continue and some other factors may trigger bull run along the way!
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Trying to speculate the next 100x or 1000x is like trying to find needle in a haystack. However, many potential altcoin ate trading at a very low price and it could still go lower! My personal pick for a good altcoin that has a lots of upside price potential are: Near, Harmony, Fantom and of course Bitcoin!
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It can be pleasing to know that you dodge a bullet by not buying high priced coin you may have planned to buy and later discover that it has dump. However, if such coin is backed by capable and skillful dev and board, that could be a rare opportunity to buy low and stand in a good position! Cryptocurrency market is very dynamic!
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Trading sound simple and doable but the reality if cryptocurrency trading is a bit complex. And like the popular saying goes, Everyone in cryptocurrency are not. That doesn't mean they are not making profit from time but is having their expectations met! Reflecting, questioning are all part of post trading analysis and this is how you get to familiarize yourself with strategy that works for you!
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