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Just stick with it as much as you can. When I choose coins to trade back in the days, I didn't go way below top 10 in CoinMarketCap. Quite limited of my choices, but it is better to be safe than sorry. I never did try to use stop-loss back in that day, but by just reading around the forum it helped me understand how literally it can help one to manage in bearish times.
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I was passively making a mistake back in 2017 when I bought some tokens of seemingly promising project. I cannot quite recall what coin was it, but I forgot that I was holding that token for almost 2-3 years and I was "almost" too late to get the profits out of that coins because it started to go flat already in the charts after the dumps that happened after the project went out to their exchange which was EtherDelta.
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I would disagree with the low risk stuff. Remember there are a lot of coins appearing in the market almost every day and newer projects are open for investments, but most of it just do not survive for so long due to dumps. I would put it as high risk and high return investment when it comes to cryptocurrency. Also worth mentioning that, the price is volatile.
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...and why protect ourselves in volatility if it can't be controlled in the first place? Risk and the volatility in the market when we invest is only manageable, but not able to be eliminated for obvious reason that the market is decentralized. Trading is just one way to manage through the volatility. People could just go and stop loss through it. Another one I could think of in trading is that one could also just trade their Bitcoins with stablecoins for obvious reasons, but I wouldn't advise people hodling their stablecoins as it capable of being frozen.
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If OP would consider those coins I invested long time ago but not right now because I primarily only hold Bitcoin due to the pandemic. 1. Bitcoin 2. Ethereum 3. BNB 4. ADA - This is one of the coin that I day traded most back in Binance I only got four, because I don't want to stray too far in these coins in the market.
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when someone reaches jr.member rank it will be difficult to find a Signature project for him, if you know of any good signature projects please help us on this topic to help other jr.member
thank you
Is your sole purpose here is to join signature campaign, OP? If it is then sorry to burst your bubble, but you will have a hard time finding one. Upgrade00 pretty much mentioned everything. If you are here for the right reason, you won't even think of signature campaigns in the first place and you would use the forum as it is for discussion/s and conversation/s. If you are looking for an earning platform, this is not the place.
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I'll share something related, but this one is where they just go all noisy and wants to take your wallet, not just the tokens in your wallet. So I used just the unsafe method of creating wallet in MEW back in the days which is the wallet file they give you and you would use that to login into your wallet. I tried this airdrop that I can't remember the name already, because they dropped their thread after I registered with my disposable email and wallet address. Next day, I received an email claiming to be the devs of the said project that did the airdrop. I clicked Claim Token, but didn't expect anything. Now this is where they put me into their website and they are claiming to be "in partnership with MEW" and would like me to login to my usual wallet file (the unsafe method). That is where I just closed the tab off, because I don't think MEW is in any partnership with any random projects.
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I don't think that such exchange will be my only criteria when choosing coins to invest at, though I still don't do altcoin investment for now. CoinMarketCap provides more data that one can use as a criteria than just mainly the coin itself. Saying that a coin pumps is like a red flag for me to invest actually, as most likely that word will always derive from "pump and dump" scheme and that wouldn't be for long-term investment for sure. Hate to burst your bubble there, mate.
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Actually that would be fine. If I was working in a payroll system, I would actually just base the salary of each in ratio with the current BTC price in our local currency. Working with API or the third party ones isn't that difficult of work actually. In that way, when BTC price changes, their weekly/monthly BTC salary would vary always but still equivalent to how much they should be paid. You never want to work where you earn below minimum wage for sure.
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Ah yes, I remember that "65%" loss. The price that time was around 3k-4k if I can recall the charts correctly, but I know Bitcoin stabilized above 7k for so long before it dropped way way way below that. I wonder how many people panicked in that year only to find out that Bitcoin went back to 10k. Many people called it "bloodbath" due to the ATL that time. About my thoughts for the price movement, I would buy more if it went down and would hodl it again til we reach another ATH though that will surely be way longer time to wait, but I am good with it.
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On the other side, I am not even rich but I am still comfortable with my hodlings. It depends sometimes on some people on how do they put their money into crypto, because some are still well organized in their finance. I apply the good ol' 80/20 rule when it comes to my savings and it seems to blend well with crypto and I ain't worried a single bit in my investment/s.
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Meh. I'll pass on the stablecoins, as I remember reading that it can be frozen and I wouldn't want my salary to be frozen. A little bit through BTC and fiat are all good for me. Maybe the unstable price of BTC would be a bit disadvantage, but hodlers always know their way.
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Not really a fan of paying someone to mentor me, unless there is a fellow friend of mine that is willing to. Pretty much all the resources out there are already free and it is just one search away most of the time. When I day traded, I just watched Youtube to learn the ropes and every basic indicators in Binance.
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Well there are many coins trying to be Bitcoin, but Bitcoin already solved what others are even trying. It is like Bitcoin is already about to go home, while they are still on the way on their destination.
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Well as Bitcoin_Arena mentioned, it is pretty much subjective plus it depends on when you bought your first coins. For example, Bitcoin from 60k to 30k. The 30k might seem low to some people that bought from 60k, but for long-term hodlers, pretty much it is still high for them and it isn't the dip because they could have bought some back <20k.
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Now that you mentioned it. Emotion and the hype, no? Feels like it is not just purely joining the memes that caused these meme coins to be pumped really hard. It surely has some emotions involved by other people, because to be honest I don't think that these coins tend to have their own value in the first place.
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Pretty sure if every countries followed the same banning, they could have done it already long time ago but they didn't so... In the end, people can still have the means to use crypto even if such bans in mining and even trading happen.
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As what Upgrade000 mentioned, it is impossible to control it. If you're reading enough around every social media platform, even spams still exist there even though it is capable of being reported, but still those who are willing to report are entirely overpowered by these spammers. I even recall a lot of bots in Facebook claiming to be a celebrity to send a PM to it for the sake of winning some sort of fake giveaway.
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Well a lot of people outside crypto that were just almost introduced by others tend to know that Bitcoin is something that can make one rich. It is kind of sad that this is how other people see Bitcoin due to its volatility, but I guess on the other side people can see still the convenience it can give unlike using fiats. This made me remember when I instantly just go and traded a lot of coins in the market, thinking that day trading would make me rich in a day. I was wrong, lol.
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I am kind of leaning as another part of my side hustle to also stock trade. Though I kind of wonder how it would go compared to day trading in crypto, because so far I just hodled since my few losses in day trading. lol.
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