People bought Doge and now they don't know what to do with it. Although this is strange, it was obvious from the very beginning that the Dogecoin coin had no chance of catching up with more or less promising projects. Indeed, the market is rich in decent coins with low capitalization, but nevertheless with a chance for price growth and development. And what does Dogecoin have to offer to its users? Consistently low ratings? Or occasional spikes following Mr. Musk's tweets? And when Tesla's creator will again think about Doge.
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Haste and thirst for quick profits are the main mistakes when investing in cryptocurrency. The desire to save money sometimes triumphs over common sense.
There is no need to take risks and it is better to make your first attempts on reputable platforms with many trading pairs. Only then you can explore other trading platforms, carrying out small transactions first, and then, having gained initial experience, you can move on to larger ones.
Unfortunately, it is impossible not to make mistakes, so you should try with all your might to minimize number of faults.
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Before making final conclusions, think a few times, weigh all the advantages and disadvantages. Conduct an analysis of the project, now you cannot take rash steps, this is fraught with annoying losses and negative experience. And the most important thing is not to listen to other people's imposed stereotypes and advice.
First, learn to analyze what you want to invest your money and time in. Place your bet very quickly, but ask yourself if you will regret it later. Fortunately, we own the information and can secure ourselves at least with our knowledge.
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I am surprised by such statements. Do you think it is really necessary to put your religious beliefs on the public display? Everyone is indifferent to the views, principles of other people. Here everyone discusses the problems and issues related to the crypto world, the rise or fall of the exchange rate, the change of crypto seasons. I don't know why we should care about someone's religion. But even if you can't place bets because of your faith, why are you posting threads on a forum dedicated to this?
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It seems to me that altcoins will be relevant for a long time. While people are interested in alternative coins, more and more proposals will appear. The cryptocurrency market is not only a trading platform, it is the development of the entire digital economic system, the introduction of which will be inevitable sooner or later.
People have very big plans for the future associated with promising altcoins, of course, we are talking about those who have clear goals and will be useful. So this bubble will inflate even more.
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Invest in Bitcoin or Ethereum. This will give you a 100% guarantee that you will benefit. If you want to find other promising coins, then I advise you to check Coinmarketcap for help. 5K dollars is a fairly large amount and it is better if you think carefully before deciding which projects you can really entrust and stay in the black. I would not refuse coins from the first 10. But there are some projects located lower in the rating, which also have good chances for growth and development.
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In five years, the world of cryptocurrencies will further strengthen its position and win the recognition and trust of people. In almost all areas of civilization, we are witnessing inevitable evolution. The economic system will sooner or later also face the need to change. By this time, the crypto space will finally get stronger and will be ready to be introduced into the world economic system.
And what projects will be able to exist for so long is unknown. I do not think that planning the future for such a long time is a good idea.
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Unfortunately, scammers always choose large projects for their purposes. Swindlers see great interest in ADA and in advance come up with schemes for stealing other people's money. It is sad that at the present time we are still forced to face such a phenomenon as cyber fraud. Indeed, it takes a very long time to find the real website address and not transfer money to the accounts of fraudsters.
Be especially careful when choosing an investment, check website addresses and other information about crypto projects very carefully.
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The main difference between Ethereum and Bitcoin is the meaning of their creation. Bitcoin is for payment. Ethereum is a multifunctional platform that supports smart contracts, applications, the creation of your own tokens and the conduct of ICOs. These capabilities represent tremendous, autonomous value that makes Ethereum a unique system. It turns out that Bitcoin is just digital money, and Ethereum is a multifunctional tool.
Another important difference is the possibility of platform development, Ethereum is constantly being improved, Bitcoin remains in its original form.
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I think that now you need to follow proven schemes and buy only reliable coins that have been on the market for a long time and are developing well, such as Bitcoin, Ethereum, Litecoin, BNB, ADA, DOT. I tried to buy cheaper coinsthat, in my opinion, could also give good profit, but several times I got on some dubious exchanges, or unreliable wallets. I abandoned this idea and followed the path I had tested, but to be honest, it's a pity to spend money on projects that are unlikely to bring me profit.
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Elon Musk distracted serious traders a little and even amused them. But such a joke is actually not entirely funny. The Doge coin swing has shown many how three words from a successful businessman can lift any coin to the top from the Dogecoin meme to the main currency Bitcoin.
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I think in the very distant future, Ethereum may take the place of Bitcoin. This scenario is only possible in terms of ETH technology, which will certainly develop even more and offer its users new breakthrough technologies. Bitcoin is currently of interest to large investors, it is ideal for the role of the first legally recognized cryptocurrency.
But there are many nuances with which most countries do not yet agree. Bitcoin is very securely fixed in its place and no altcoin will be able to move it.
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The crypto market is constantly changing, if you want to make money, you will have to independently analyze which coins to invest in. You can invest your funds in a certain percentage in such little-known coins. Part of the money needs to be invested in top assets such as Bitcoin and Ethereum. But to be honest, I have not come across a single well-planned strategy that will work 100%. I do not risk associating with new projects, I work only with proven coins, which have brought me profit more than once.
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Hysteria and rash decisions are unlikely to help achieve any success. Yes, the market is undoubtedly very unstable, very unpredictable, but this is not a reason to give up all your work and give a chance to someone else to get your profit. I think that every season of the market is a reason to change your views, self-development and self-realization. You can't think that you only have to buy coins once and get profit all the time. The market implies constant control and continuous operation. This is the only way to get something.
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It is better if you choose them both because eth and btc really have potential and I can say longterm because it has many benefits for people especially in companies that accept bitcoin payment for products even in malls so there are many big people or rich people who are interested in buying and storing because of the future of bitcoin so I would prefer them both to buy because it has a future.
It seems to me that both coins have their own perspectives. Both BTC and ETH can generate good returns. I have no doubt that the correction will not last very long and the coins will quickly be able to return to their previous values. And it's not clear to me why make a choice if you can buy both BTC and ETH and get the same benefits. Both of these coins should be purchased for long-term storage and both provide almost complete guarantee of profit. Although now Ethereum is certainly losing its relevance. But all this is temporary, ETH will catch up.
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Should I sell out all ETH? Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
If the current correction is delayed, then we can get a strong drop in the cost of video cards, which miners were buying with such excitement. Many miners are likely to panic and start selling their farms on the secondary market much cheaper. And the most experienced and prudent will simply wait out this time and continue to mine coins after a while. Ethereum will of course return its positions, it will not fall much. This is not the first correction and not the last, many traders and miners knew very well that sooner or later it will come anyway.
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Cryptocurrency market trends changing very rapidly. Today's situation cannot be compared with past years. Although, in essence, BTC and altcoins are two different things but alts follow BTC!
You only need to trust your own observations, and carefully monitor the changes in the rating. I follow the principle that over time, only the strongest coins of the most promising projects such as Bitcoin and Ethereum will remain. You need invest in these coins in order to have a profit and a budget for new investments.
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I fully share the opinion that Polkadot is a very promising asset. And now is probably the best time to replenish your portfolio with this coin. In the near future, we will be able to see good growth and development of the project, as was the case with Ethereum. The prospects are very impressive, this year Polkadot will have its own stablecoin Acala [aUSD], which will be pegged to the dollar. In general, I am glad that the cryptocurrency has reached the level it is now and will reach even more. We have many great achievements ahead.
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It seems to me that the credibility of Ripple began to fade even before all these litigations with the SEC: when the company started selling its coins in huge quantities. But despite all the problems, to my surprise, XRP continues to stay afloat. There are still people who hope to benefit from Ripple, but to be honest, I have doubts about this. Now there are a lot of rumors around XRP and the price jumps even more from this.
Although I would not be at all surprised if Ripple can win the trial and even rise in value.
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For the long term, I only consider the top coins. These are Bitcoin, Ethereum, BNB, TH. A lot of money is invested in tokens and supported by thousands of people. These are time-tested projects, they will not disappear just like that and will not go into a scam. As a rule, they grow steadily and you can make very good money on them, in contrast to the highly volatile altcoins from the lower positions of the top.
I think coins such as BTC and ETH should form the basis of a long-term crypto portfolio, because they are the most reliable coins.
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