Capital and knowledge are both important for investment or business. If you do not have good knowledge and experience, you will lose all your capital in investing. Investment requires great knowledge and requires research. As for capital, If you have 0 capital, you will be unable to invest and finance your business. You have to learn and read books and articles that help you about investing, and if you want to accumulate your capital, you need to work on the Internet in the field that you can be creative with.
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I am plaaning to invest on alts 2024. For the moment i keep my usdt. I am thinking that these coins still at higher prices , they will sure more 80-90% down.
How about your views?
In my opinion, waiting until 2024 to invest this is not a good decision, we do not know what can happen tomorrow. The cryptocurrency market is volatile and has profit and loss, so instead of converting your coins into stable coins, you should invest in the best altcoins of this year such as ETH, LINK, BNB, ADA and LTC I advise you to follow the market movements well and follow the news about these altcoins.
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If you are a beginner in trading, you need skills, knowledge, and available capital This is what cryptocurrency trading requires. If you want to trade in the cryptocurrency market, you must first ensure that you have all the relevant skills to analyze the market and even have a successful trading in this volatile market, you should keep your emotions up and don't let FOMO rule you.
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Despair makes a person lose his enthusiasm and passion, and if you are a beginner and despair, you will sell at a loss and lose everything in a few seconds. It is necessary to experiment, try, and optimism, which makes any investor has hope and can earn profit, and then no matter how long it takes, he will achieve good profits that satisfy him in the long run. Every beginner should know that making earning requires patience, and the more patient and optimistic you are, the more you will get.
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Trading and investing is a gain and a loss, and we cannot go back to the past to correct the mistakes we made, but we must not repeat these mistakes in the future and learn from them. If you are heartbreaking for the past, you should take a deep breath and look to the future because it holds a lot of good news, life will go on, whether like it or not, we have to keep working and focus on what is coming.
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Scammers are at it again sending out bulk mails disguised to be from pancakeswap congratulating you on winning some free ethereum or other coin. The link below is attached to it disguise to be wallet connect link which will require your confirmation on your wallet to claim the free coin. https://walletsconts.com/claim_token.htm. If you receive such mail, make sure you don't follow the link on your wallet or give any permission in order to stay safe from their scam. E-mails usually contain fake websites that ask you to enter the private key to your wallet, you should pay attention to the mail that was sent to you, and you should not open any suspicious link on the mail or Telegram..etc and save your private key and recovery words on an external hard drive. There are many scammers’ methods, you have to be vigilant and not to look for get rich quick, This greed will make you a victim of scammers.
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Seriously, I have many of these tokens in my wallet that I don't really know their source, thank God I know now that it's from Hackers, but I wonder how the tokens get into my wallet and I know that I never submit my wallet for any token.
They simply take the addresses of the wallets of the participants in one of the bounties through the spreadsheet and send them these fake coins or they take their email addresses and send them scams so we all have to be careful and these fake coins if you want to remove them from your wallet you can create a new wallet and send those coins to it they will take some fees and I think if you hold them and ignore them it would be better.
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My advices to you is to distribute your money equally across the different promising coins present in the market, and you should be aware of the scam projects that are created in order to steal the investors' money. It is necessary to conduct research on every coin in the market before making any investment, and not to rush into making your investment decisions, you have to be careful and study these decisions well.
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Undoubtedly, most of us have dead coins because we joined scam airdrops and bounties for failed or scam projects, these dead coins that we received are of no use, but if we hold them in the long term, we may be lucky to get some profit from one of these coins, If you do not want to receive these dead coins in your wallet, you must, before you join any project, make sure of it, its information, and the team behind it.
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In my opinion, if the price of the currency reached the target you set, which exceeds the money you invested, you have to take 50% of your profits, and if you trust in this currency, you have to wait until it rises to its maximum level. Greed is that when the currency pump and makes to you huge profits and you hold it in the long run instead of selling it, but for how long?
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Everyone should be careful of scam projects, as their tricks have increased, so far the scam project team steals the name of other projects to delude the investors that they are the original and they are only copying and pasting from the real project. In addition, they plagiarism the whitepaper for other projects and attribute it to their project.
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The reason is that I hold Bitcoin in the long term, because its volatility provides the possibility of achieving huge profits in the future, in addition to its decentralization feature and the speed of transactions resulting from it. But we must also realize that there are risks involved in holding Bitcoin, so everyone should educate himself and study the market well before investing
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I've seen several times that every altcoins doubles the price in a single day which means every coin or token has its opportunity to boom. IF BTC price does down they drop but suddenly they skyrocket by the next day itself, it's pretty hard to judge which coin might pump for the next day. Is there any specific website which might help me to identify? Kindly share your thoughts.
Yes, I agree with you that every altcoin with an honest project has a chance to boom in the future, but you need to be patient until the time comes when you find that altcoin has reached to its highest level, I never advise you to rely on any site to identify these altcoins, but you can use charting and technical analysis to determine the profitable altcoin.
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Yes, everyone should stop panicking, because panic is what makes any investor or trader make wrong decisions. When the market becomes bearish, they lose hope quickly and sell at a loss, and this is what makes any of them get out of the crypto market quickly, Everyone should stay away from panic and trust in the currency that he invested and hold it in the long term so that its future brightens and you take good profits from it.
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There are many promising coins that have a bright future besides that each of us has his own opinion and his own suggestion and not an invitation to buy, you are free to choose what you want to invest, you have to do your research and in my opinion, the best coins to buy now are IOTA, XRP, LTC, ETH and XTZ.
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In my opinion, banks do not work with cryptocurrencies because they are currencies that have been developed in complex ways and cannot be traced, as they are anonymous and there is no control over the transactions made by users and may be used in many crimes such as money laundering and cybercrime..etc. They look at Only the dark side. As for the bright side of these currencies and this giant technology, they do not look at.
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What makes us good investors is patience and to make our thinking for the long term, not short, and not to put all our money in investing one currency, but diversification of currencies is required, we must develop a plan and an investment goal and adhere to it. In addition, if you want to become a good investor, you must learn from your past mistakes and invest in what you can afford to lose.
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Cryptocurrencies investment always risky and uncertainties because we cannot predict anything about cryptocurrencies market and future development. But new coins investment always risky due to lack investigate and analyse. Before investment one should analyst deeply.
In addition to the person analyzing in depth before he starts investing in new currencies, he must constantly follow the market and read news about the project and not rush to choose new projects before consulting experts If his experience is not great and he is a beginner, In fact, I don't recommend investing in new projects with a large amount of money because it will be fraught with a lot of risks and he may lose all his money and regret it.
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I prefer to store my Fiat money in crypto and not in any of the banks that give you a percentage of profits that are not enough for you, I am one of the people who invest what they want to lose, so my money I put in crypto I don't need it and I hold it for the long term until I get good profits, Crypto is really volatile unlike fiat but if you study the market well and know when to buy and when to sell, your money will be safe.
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looks like he should read more and seek more information about cryptocurrencies. because there's no way 95% of cryptocurrencies are scams. indeed there is a lot of fraud going on in cryptocurrencies but it is impossible to reach 95%. because if that happens then there are currently no cryptocurency users because crypto is considered a fraud area.
Fraud exists in all areas of investment, not only in cryptocurrencies, but the cryptocurency environment is a suitable environment for them because it is decentralized and they can not reveal their identity, but I agree with you that 95% is unfair percentage because there are many honest projects and there are many investors in the Cryptocurrency field.
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