In this level current price can be good decision to buy BNB because the price on the level of support area. Based on fundamental, BNB also have strong chance to beat with ETH because BNB has low transaction fee with better scaling TPS. The bullish season probability keep continue and will trigger BNB to go to above $1000.
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Why you created only short one, should be also you create long one, because the price of this asset always moving up and down. In many exchanges, there are always 2 kind of leverage token or ETP token, those are long and short token. And should be the samething for others asset include stocks.
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A lot scammer in crypto space, they are not only used account of twitter or other social media, but also used google ads service to promoted scam website. I think some newbies got scammed already from it. Thinking twice and always ask about that to our friends or others trusted people, can be avoid this type of scam.
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I checked on coingecko many copy of DOGE only tokens of ERC20, BEP20 and SLP, those tokens very easy to created it. Without any product and tokenomic behind it, will make the price keep dropping. So becarefull to trade copy of DOGE.
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If we are back to 2016 and 2017 that for season of bull market, we have seen there the total of marketcap increased and growth until 100x for less than 2 years, but for currently of bull market, we can see the total market only increased about 20x from the bottom in 2020. So if we make analysis by the same percentace of marketcap growth, we can decide this bull season not over yet and the total of market cap should be increase to $10 trillion.
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We have nothing to lose before selling it, and holders will always win if they do it with patience and understand how the fundamentals of Bitcoin are. Bitcoin is gold 2.0 and if we compare the marketcap of Gold and Bitcoin, currently marketcap of Bitcoin about 1/30 from Gold. In the long run marketcap of Bitcoin possible to reach marketcap of Gold, time will show us.
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There are a thousand new coins and tokens on the market, we need really extra times to research it all. The trend of the coins is always change it, after DEFI coin the trend moved to meme coin. After memecoin, can be other category of coin become trending. Now I look in to HAPI token and SCRT because this is the first different category in crypto space.
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I have been bought credits for my phone using Bitcoin, but i did stop it because the fee transaction of BTC too high and now in my country is forbiden to use Bitcoin and others cryptocurrencies for transaction. I hope later my country support crypto and blockchain technology, because actually alot people in my country changed their financial from crypto.
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In my opinion for crypto trading, we should be more focus how to determine the trend of market and fundamental of crypto. In bullish season we can make like 10-20x profit only for holding for afew month, so why we spend alot of time for scalping if we possible to gain bigger profit only for hold for afew month. This way is free from stress and tired. We can do scalping if we trade on futures market or margin trading but the risk is higher.
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What about new project called HAPI? they want to solve this problem. I think currently only HAPI that have purpose to solve it. We should support this project to minimize the risk of crypto investment.
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I think the real hero of crypto is Sathosi Nakamoto who created blockchain of Bitcoin. Because from this first blockchain, others developer can create others blockchain so that alot of project existed and more adoption in crypto world. If no Sathosi Nakamoto will be no crypto and blockchain ever created.
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From the fundamental of the project and technical analysis, Solana currently have strong uptrend, from the bottom the price keep rally with only small correction. I think this uptrend will continue because as new smart contract platform, Solana offer good product and solution for network congestion that can handle up to 50k TPS with average fee transaction $0.00001. Solana have huge chance to enter in 5 ranking CMC.
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BNB/BSC is the most famous Ethereum competitor's because BSC solved the high transaction fee of the smart contract platform, and the current circulating market cap of Binance is smaller than ETH, about 1/5 than ETH. So BNB have big chance to go above $1k even 2k in the long run.
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I was followed and copy the trade of some trader on twitter, sometimes they predicted the market with accurate but later on they was wrong. From this, I stop to follow their analysis and try to learn how to predict the market much better by spend times about 3 hours aday to learn about each fundamental crypto and learn about charting. For me, more important to make my self become more professional than other trader.
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Competitor of Ethereum not only BSC, in the market now there are alot of better smart contract platform that has low fee and high TPS. I dont know when gas fee of Ethereum will reduce, and since this problem does not fix yet, I prefer to use other one because I dont want to pay transaction fee above 3% of my balance. Not only BSC have low fee transaction but others like Solana and Matic also.
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From technical and fundamental analysis, I think Solana is good choice. The price still in strong uptrend and this coin have posibility to enter in top 10 marketcap. Solana is one of the competitor of Ethereum that will solve the problem of low TPS and high fee transaction. Solana can handle about 50,000 TPS with lowest transaction fee $0.00001.
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I think we have to make research first about the fundamental of that crypto and the current circulating marketcap. I just remember if made mistake to trade new coin that just listed on Binance but the circulating marketcap is very high. That coin is Algorand, I bought at $3.1 and keep hold it till now but the price never recover yet.
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Is that you mean the marketcap? Currently marketcap of gold above $10 trillion, silver $1.4 trillion and Bitcoin reached $1 trillion a few aweek ago. I think Bitcoin is the most fastest asset that can reached $1 trillion marketcap compare others asset like bluechip stocks of Apple, Gold and silver. Bitcoin only need about 11 years to reached $1trillion marketcap, but others asset is more longer.
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I already more than 4 year in cryptocurrency trading, but i never touch leverage trading. This type of trading similar to gambling, and about 80% of trader loss money from it. You should be stop trade on margin trading and avoid greedy, its enough to trade on spot market and invest in strong coin and hold it for a few month, this easy strategy also promising multiple profit.
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Just now i have seen BTC dominance is dropped to 39% in coingecko so its time to trade altcoin. But to minimize the risk, much better trade on the high cap coin only. Choose altcoin that the the price not yet breakout from the highest price and also good fundamental. And chooce New altcoin that have strong team and fundamental. Combination knowledge of technical and fundamental analysis will more easy to decide which coin to pick.
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