Anyone who ever got rich in crypto bought cheap projects early before they were multiple billions worth. (....)
I disagree. If you have patience and dedication, your wait is worth it. Some the people who bought cheap altcoins or got low market cap are very risky, it's like gambling especially if you don't research them at the project. There are a lot of people including me that regret that I sold my top coins like Bitcoin and Ethereum to buy some random cheap altcoins and I lost too much. It doesn't mean its cheap, it's good to buy.
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There are a lot of projects right now that are related to Metaverse that are experimental or just want to scam people for money. So, I agree with OP that we must be careful. Most the projects especially these new projects are popping are really fishy, so, always research and verify. As you can see, on the recent dump after we reached all-time-high, a lot of projects started to vanish or no more activities, that is example of scam.
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Trading signals. There's no wrong in subscribing to these kinds of groups as long as they are legit. The only downside here is you are relying on them and you are not learning at all. There are some groups who offer signals and the same time lessons, which is a very good group for me, they are helping their members to learn trading not just giving random signals without any explainations.
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Of course trading volume is a very important factor for a project There are various scam projects that fake trading volume to lure people into their project They show people they have enough trading volume.But you notice all these things. Trade on the most popular projects. Don't waste your money unnecessarily trading in some fake projects.
I believe that trading volume is more focused on trading. It is measured by the counts of tokens/coins that are being traded for a given time, like 24-hour trading volume. That's why OP sees some coins that have low or high trading volume compared to other altcoins. There are some projects that got high trading volume but they are not legit, so I will not use trading volume as the main indicator if the project is not legit because it can easily manipulated.
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Why? Why Dogecoin? We all know Dogecoin is a meme coin that was built by forking Bitcoin. So for me, this is impossible to happen (Only Dogecoin) Maybe in the future, there are lot of options buy major are the high market cap coins, primary for sure will be Bitcoin (Lightning network also), Ethereum, and many more.
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Let's say we already have everything when we open a trade, we already have a stop loss order, target price order or initial take profit price order, etc.
My question is do you consider closing your trade if those orders didn't trigger for some time?
Because for example, the trade you opened becomes sideways or stable, and no pumps or dumps happened that triggered your orders, so for some time, your trade is still open.
So, do you have a limit for your trades? Like 1 day, week, etc? If nothing happens, are you closing those trades manually?
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(....) Do you think crypto's ever-rising popularity will lead towards more regulation by the US? Or will things settle up a bit? Do you believe the US is being too hard on crypto? If not, which other country (or countries) is worst? Your input will be greatly appreciated. Thank you. They are indeed starting toe become too hard on cryptocurrency. The United States of America is not an ordinary country, they have reasons why they are doing these sanctions/regulations on cryptocurrencies. The more people are hopping on cryptocurrency, the more volume pouring into the cryptocurrency market, and the more they will become strict or hard. If you take a look on early days, it seems most government ignore cryptocurrencies.
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Not all, but most of them are bad. To be honest, if you take a look at data about top market cap cryptocurrencies when Bitcoin started, altcoins, after Bitcoin started, there are a lot of altcoins already vanished, only good at the beginning. Which I can consider as bad. So for me, most projects out there are not bad, only few are good ones.
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(...) What do you think about this coin? Is it a scam or is it legit? Do you think it's possible TAMA will reach $1 within the not-so-distant future? If not, why? Your input will be greatly appreciated. Thanks in advance. This is the coin, right? https://coinmarketcap.com/currencies/tamadoge/Very fishy to me. This is a red flag for me, no originality. This is another project that came from Dogecoin, which is the original meme coin. This shitcoin just improved and added some spicy. I am curious why OKX listed this shitcoin. I saw the price and it's dumping, only good at the beginning.
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Base on the steady market increase early this year, some coins increases times two but now it has falling drastically.
For me, not always bearish markets are good to buy. Because we still don't know if the coins you are buying will still go deeper, we'll never know. There are some people who only start buying once they see a pullback or start to recover, not exactly at the bottom. Overall, it still depends. If you want to catch the bottom, then for sure everytime there's a very low price, you'll buy.
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it’s always good to have your own strategy because this is your own battle and you have to do everything just to win in trading .
I have seen people not trying to build their own trading pattern but they are relying on copy trading because of their past experience of loses. They are not doing a business of their own if they are waiting for trade call before they go in because such type of trading is not with business mindset but to always follow the call of a sender whose mind is that of the mind of the sender. Copy trading can work, but you have to pay huge fees for that but I think this can work more if you are too busy to analyze the market, but if you have a lot of time for trading then I also suggest to learn this on your own and save yourself from paying huge fees monthly. (....) This is a red flag for me. Copy trading will not help you to grow or learn. If your goal is to learn how to trade and become independent in the future, then you should not rely on copy trading. I am not telling copy trading is not good, it depends on your purpose or goal. Developing how to trade by our own will help us to become a good trader, because through that, we will learn, on our losses and wins, we will learn from there.
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(....) Bitcoin perform the role that other currencies can not serve any purpose, take for example if you leave and saved your money in your local bank currencies and it happens that you traveled to another country you may have problem with apending your money and tou bank savings may become useless and the only option will be Bitcoin as the only alternative.
This is one of many reasons or benefits of using Bitcoin. Bitcoin was created initially for payments. Another example I can give is money remittance, especially cross-country money remittance. There are some countries where you wire or send money to someone like your family to other countries, it will take some time and some huge transaction fees, so if we will just use Bitcoin, it is very convienient.
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Can anyone recommend a similar company to coinbase so that i can transfer my USDC there and then sell these and transfer the funds to my bank account. (......)
Try Bybit exchange, they have P2P for USDC which you sell your USDC exchange to fiat currency like USD or your country's fiat currency. Another option is FTX, but I believe it will take some time to get withdrawn to your bank. Another option is Binance, but you need to convert first your USDC to other cryptocurrencies since Binance started not to support USDC anymore. So much better convert USDC to USDT first before sending to Binance if you want to use Binance then use P2P, sell your USDT to fiat currency.
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Yeah, first time to heard and see this guy. The only normal citizen that I know that was suspected to be Satoshi (founder of Bitcoin) is Dorian Nakamoto, which came from the country of Japan. I am not sure for this guy (Michael Clear) why telling them that it's Satoshi, maybe of his job, as a cryptographer.
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Seems most suggested wallets are hardware wallets which are also good for me, and very advisable. There are lot of another ways to create a secure wallet that separates from your day-to-day use. Just create a separate wallet from a machine that is malware-free, before creating anything, make sure your device is secured and you are connected to a secure network.
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Very scary. Seems the chain stopped for some time after this, I saw on Twitter that some validators are informed to temporarily suspend the Binance Smart Chain network which is really awful. How this network became decentralized when they can control validators and suspend anytime the network. I just checked and seems the network is already back and running again.
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For me, DeFi, NFT, Play2Earn will still exist but with more improvement. For me, the gaming industry is on cryptocurrency. For me, what we have earlier or the start of gaming on cryptocurrency is not yet to the max, that's why I'm looking forward to it. eSports community is a huge and for sure, it's a big thing also in cryptocurrency.
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Most people are already relying on Elon Musk now especially when Elon Musk started some tweets about cryptocurrency or Bitcoin before and the price or market is always reacting after Elon Musk's tweets or any statements given by him. It's just sad, with only one billionaire shitposting on social media can control such prices. There's no problem with him, for me, it's on the audience or the people.
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ethereum itself don't have extra strength to go ahead alone during this bear market. So $4k$ will very big goal for ethereum in 2022. It'll only possible after end of bear
Yes, the price move of ETH isn't very significant, it is rather slow. So, it is too much to expect the price of ETH to increase to $4000. In my opinion, it is impossible to see the ETH price achieving $4000 during this bearish market. Although there is good news on the development of ETH, it is not enough to trigger the price increase from $1350 to $4000 only in 3 months. I'm expecting Ethereum will regain its all-time high in the year 2024 or the last quarter of the year 2023. Why? I am basing also it on Bitcoin too. Bitcoin block halving is expected to happen in 2024 which is a big event. $4,000 is almost the all-time-high price of Bitcoin which is around $4,800. To be honest, this is really impossible this year for me.
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Most of the above answers are correct. Now, I will share that there are different types of orders on trading platforms. Here's an article from Binance about their different order types :https://www.binance.com/en/support/faq/360033779452
For the OP case, if by default they set the order time as Limit order but the price is too low, then it will automatically sold in market price, which somehow likely a market order.
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