...DCA is one of the best of it and it's very effective at these times.
In order for the DCA strategy to be effective, it is necessary to properly allocate your funds for upcoming purchases, as well as correctly set the price at which you should start making such purchases. Otherwise, you will spend all your money, and the price will continue to decline and you will not be able to make next purchases. |
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...But with all honestly, Some project with 3 to 7 months old have one time becomes Scam, Good example is OKS CHAIN. The project was over 2 years old, yet end up being scam, as the CEO and other dev cart away with so much money. And abandoned the project. ..
It is impossible to predict at the initial stage such a fact that one of the team members will want a lot of money and he will be ready to turn the project that the team has been working on for two years into another scam. In this case, investing in old projects does not guarantee the safety of your investments. |
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I think this is not greedy, but trying to get maximum profit, when the price of rising then the natural thing to continue holding with the hope of the market continues to rise, I once missed the opportunity to sell BNB at a price of $ 400 before drop, and this certainly became an important lesson for us to be wise.
In this case, the correct strategy would be to sell in parts when the coin reaches a certain price range. This is what is used by most traders. I also prefer to move the stop loss higher as the price increases. In this case, when the price of the coin is adjusted, you fix the profit at almost the highest possible price. |
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...Learn from the early crypto people who trusted early projects and got rewarded. You just need to find the good projects (modefi over 1 million lines of code, self-funded), the good teams, the crazy and creative teams, the guys who will make the world a better place and help replace banks, mainstream media and centralized social networks.
This is the problem of investing, and it is not at all easy to find such a promising project that will bring a profit of thousands of percent. In addition, not every investor will continue to hold coins that have already increased in price several times, because very often after such an increase, the price of the coin is adjusted. |
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The crypto space is expanding with incredible speed and introduces new and new tokens every month, if not every day.
Today we will be talking about the largest cryptocurrency group – meme coins...
There is a huge variety of coins that perform specific tasks and which, as well as meme coins, can bring a huge profit. Why not try to deal with such new projects and invest in them? Yes, it will be more difficult to do than just randomly buy various meme coins and wait for your $100 to turn into thousands. But it will be more like investing, and in this case the risk of losing your money will be much lower. |
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...Also do people who trade daily keep their coins in say uniswap, pancakeswap or those things..
When trading on a decentralized exchange, such as Uniswap and Pancakeswap, all coins are in your wallet and you do not need to move them to the exchange to make a transaction, as this happens on centralized exchanges. But there are exceptions to these rules, when when trading on DEX, you will need to transfer your funds to the internal account of the exchange, for example, dydx.exchange |
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...I guess, Ethereum team are seriously working to ensure Ethereum price increase higher before the end of this year for both long term traders and short term traders to believe that Ethereum still remain in second position among cryptocurrencies.
Raising the price of ETH is not the responsibility of the team. Since the main task of recent years has been implemented and the Ethereum merger took place last month, the team sets itself the next tasks related to increasing the Ethereum bandwidth and reducing network fees. |
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...I have experienced the bitter side of Cryptocurrency and now I don't need someone to tell me that crypto can bite. Moving forward I would pay more attention to learning and asking questions too, all I can say to the newbies is that grow your brain before you try to grow your portfolio.
You could pay for training instead of paying for the experience you gained from unsuccessful trading and investing. It is possible that it would take you less time to acquire such an experience than it took for independent study. However, you have already figured out the source of your mistakes, and in the future you will have fewer disappointments that trading brings. |
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BTC's circulating supply is now 19 billion million out of the 21 billion million caps...
The only reason why the price of any commodity, including bitcoin, changes is determined by supply and demand. And if buyers refuse to buy bitcoin at the price of 70 thousand dollars, then sellers will reduce the price until this price satisfies the other side. Therefore, it is impossible to accurately predict the value of bitcoin without knowing the general state of the economy by the time BTC reaches Max Supply. |
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On the Bybit.com exchange, it is much easier to get the status of a trading lead in financial terms, for this you need to deposit only $100 - https://www.bybit.com/copyTrading/en-US/master-trader But in addition to $100, you must produce a win rate of more than 60% or, oren ROI that is greater than 30%. |
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What is your exorbitant lesson investing in crypto last bull market (2021-2022)? I will like to share mine...
All your mistakes are that you bought at the maximum price and, accordingly, could not sell your coins more expensive. Your next mistake was that you decided not to sell your coins, fixing the loss and continued to hold them until their price lost its value to 95%. After analyzing these mistakes, you should learn a lesson that will help you get a profit on the next bull run. |
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...So if OP is holding USD it is appropriate but in the long run it is not a solution and OP waits for bitcoin to reach 12k USD I think it is very unlikely. If you want to buy, now is the right time to buy. waiting is not a good way because the market cannot go as we expect.
It is possible that the price of bitcoin will not decrease to 12 thousand dollars, but there is no doubt that it will continue to decline. In such cases, it is necessary to buy in parts as the price decreases. So DCA remains the right strategy to get a good average purchase price. |
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AFAIK, China is now on the test of their CBDC so basically, that's the stable coin in Chinese Yuan that you may want to have but I don't know if they'll publish or list it on exchanges.
CBDC and stablecoins cannot be put on a par, since in fact the former are one of the forms of national money, along with cash and non-cash forms. And since CBDC is the digital currency of the central bank, it does not refer to stablecoins, but to fiat. |
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...I know there are a lot of people against Luna now but for those who are invested and holding , what is your plan?
A coin that has been subjected to such a dump will never again be an object of investment for large capital. Now this coin has turned into a dummy, which is maintained for the sole purpose of pump&dump. Therefore, if your position is in profit, you should close it and invest in more promising coins. |
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If every coin has a Whitepaper, that means both the scam coins and the legit coins has a Whitepaper. Then how can a beginner differentiate a scam coin and a legit coin with the Whitepaper?
Whitepaper will not be able to help you determine whether this project is fraudulent or not. After all, no fraudster will write to Whitepaper that this project is being created for the sole purpose of deceiving investors by appropriating their money. Although if you see that the Whitepaper is copied from another project, then this will indicate that you should refrain from investing. |
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Why would I run such a software if not to earn from it? Do you also expect Tesla or Audi to give free cars?
People are buying and following their favourite trader, many are in profit, many are not but that's up to them and up to who they follow...
I am currently testing as an experiment https://www.bybit.com/copyTrade, which allows you to copy the trades of your chosen trader automatically or manually. What is the difference between your paid offer and free copy trading, which are currently being introduced on many exchanges? |
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...I've been working on a project to develop a Telegram bot for copy trading but struggling to find succesful accounts/traders to follow and generally just don't have time to dedicate to it. Suggestions or existing projects out there instead of building my own?
A free copy trading option is now available on many exchanges. As an example, I can recommend the Bybit exchange, where you can filter out traders who are connected to this service by various parameters - https://www.bybit.com/copyTrade/ Here you can also simply subscribe to watch the trades of a trader who is of interest to you. |
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...Most Alts vanish in a bear market, the main reason is no fundamentals. ..
Investing during a bear market is dangerous with respect to any coin, if there has not yet been a market reversal. It is better to buy altcoins already when we saw the confirmation of growth. In this case, we will have a slightly higher purchase price, but it will be safer than if you try to buy every time the price reaches another low. |
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They are very smart, even able to spend a lot of money to just take the investors' money. But we have experienced this many times, I'm sure of it. It's just that some of us are often negligent and in a hurry to do something, this has the potential to make it easier for them to carry out their actions.
I think the problem lies not in negligence, but in our greed. The desire to get a few hundred percent in a short time, closes our mind from reality. At the same time, the opportunity to earn 5-10% is no longer considered a good profit, although these percentages exceed what traditional banks offer us. |
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The ETH merger is one of the events that the crypto community has been waiting for but unfortunately the event did not have a good impact on the price movement of the coin because if we look after the merger event is over, the price of the ethereum coin has decreased and it is probably caused by investors selling simultaneously causing the market to panic and causing prices to continue to decline for several days after the merger was completed.
Obviously, the ETH pump was triggered by the news of the upcoming Ethereum merger. Accordingly, it was then that it was necessary to fix your profit, and not wait and hope that after the merger the price will continue to increase. Now it is necessary to wait for the bull market, which may lead to a new ATH. |
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