the price of SOL from $300 down to $30, of course this is a very bad thing to see,
but this is the flow of cryptocurrencies, high volatility makes the risk even greater,
if you see SOL fall below $10 again of course don't be surprised, because this is the risk is if you hold it too long.
since last year it reached its ATH, SOL has continued to decline, only briefly increased in April but then continued to decline until now and is at a price of $31 and of course it is still not bad if when entering early 2021 it is still at a price below $10. if it is your estimate that SOL will drop below $10 of course this is a very bad thing and can make many SOL investors afraid that something like this will happen, have to hold on longer until bitcoin recovers, but for those who don't have this, this is an opportunity to buy and hold it. The after effect of this current situation can pull down the value of Sol, there are lots of people who fears that the value will not bounce back and they are afraid to keep seeing their investment to keep falling, it attracts massive selling / dumping, and it's really not good for the project, it needs a deeper research before you make any action, if you are in the investment side and you already have some Sol inside your wallet, better to stay away or add additional investment to use for your trade stop following the trend it may cause you losing lots of money. SOL is a disaster and will likely see the same fate as Luna. Besides, other projects like UTNP and CNDL are technically superior to SOL anyway and have a much brighter future. |
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traders will know that it's time to buy altcoins, because I'm a trader too, and at the moment I actually bought 3 altcoins, the first one was Algorand, the second I bought Verasity and the third one I bought Nervos, please this is not Financial advice, still have to DYOR  Telling other people doesn't mean it's a suggestion because any information that is available should always be considered by everyone when reading it, because in general I also bought three coins at this time, only the name is very different from what you mentioned. Bitcoin, Solana, Polkadot that's what I believe now so I bought it even though it wasn't based on advice from anyone else. Investing in SOL is very high risk right now. Have you researched the situation at SOLlend? The entire chain is about to implode. I think it's much safer to invest in new projects during this downturn. Projects that recently launched, like CNDL, won't have a lot of bagholders waiting to dump at the sign of any profit so that they can get out of the market, like you will see with other coins. |
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Not possible to go to the zero. I never see any FUD other than some people were complaining about the movement from ethereum from POW to the POS but this mostly done by the POW maximalist. Just seeing the market right now to know about the truth. I don't even think bitcoin will be going down to the zero again along with ethereum. People were using ethereum smartcontract and this always giving valuable reason for the price of ethereum will still remain the same at this time.
You shall not call any bad comments as FUD and some time if that was just a critics.
I think Ethereum can go to zero, and it is possible if the merge or sharding fails. I think Ethereum should just stay the way it is and the team should focus on something else like L2s and leave things like high TPS and sharding to other projects like CNDL chain. Since there is so much value on the ETH chain, it's too risky to do major upgrades like this, it's akin to trying to replace the spark plugs on a car while you're driving down the highway at 65 MPH. |
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I think, bitcoin is the best coin to invest in this season because the price has dropped down to $19,000 showed that the price can increase higher any moment from this month of June to allow long term investors smile again. It is favourable to invest on bitcoin because bitcoin still remain the king among other cryptocurrencies, which it is more favorable investment than others coins which are not preparing to make their investors smile. I believe many long term investors will really use this period to prepare well for a better future by investing a huge amount of money on bitcoin.
Bitcoin is a good buy at these prices if you believe that bitcoin dominance will increase and altcoins will stay down but we are already seeing some altcoins recover faster than bitcon. Maybe people don't want bit-con anymore and want alts. They are tired of bitcon being pumped and dumped and want good projects like HBAR and ICP to succeed. |
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The ideal currency would be tokenized gold IMO. That or 0xMR.
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Why can DeFi not be trusted? Because you lost money farming due to whales dumping on you? Because some platforms exit scammed or were hacked? Because you got liquidated on a loan? You might as well say that the entire banking industry is a scam. I think the solution lies in DeFi with KYC for developers so that they can't scam, and biometric log in for users so there are no hacks. The answer is the internet computer.
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Many investors still have confidence in Luna.They know that Luna is already known as the currency of the scandal.So they think that to get rid of this Luna scandal they will return the value of Luna to its previous position.Many people want to use this opportunity to earn more profit.But I think it's nothing but nonsense.With bitcoin prices falling or the whole market is now in bear season, Luna2.0 is a trap and a major setback for investors.What happened to Lunar is really disappointing. Now reinvesting in Luna in this situation is a huge gamble today, so I don’t think anyone will be trusted.
Yes, agree. Investing in Luna 1 or 2 is a huge risk. I don't think either will survive because Do Kwon has been outed as a scammer. He was cashing out a month before the collapse and used the reserves that were supposed to backstop the peg to bail out his friends. Designing an L1 to host a stablecoin is a bad idea because when the paid fails, so will the chain. A better solution is what Candle Chain is doing because it is designed to host metaverses and that is going to be a huge industry going forward. |
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HEX in my opinion does not have too good potential for the future, after the bad news that happened in the past I personally still doubt HEX, what's more HEX is still in the order of 202, it's better for the long term to still choose the top 10
Bro. Good luck with your HEX bags. I sold mine at the top and went all in on CNDL. Candle Chain does everything Pulsechain promises to do an more, and it works right now. |
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USDC is likely the US CBDC and will be issued on all chains that will be used by enterprises and banks in the future, namely Polygon, Stellar, XRP, Hedera, and the internet computer.
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Cryptocurrency market depends too much on the economic situation in the world. Now all market falls including cryptocurrency. But during the fall of the market is the best time to buy tokens for the best price. The most important is to find the project that will be able to survive during the fall like https://twitter.com/defiroot/status/1531922256779157506 which is app that connect you to Defi in one ecosystem multichain. Many people stop investing because they simple do not have any money for investment. When economic situation will change they will continue investing. A lot depens how long will the fall of the market. If fall will be a long time it will be very difficult to survive to many cryptocurrency projects. Yeah, if things keep going like this we will see a lot of good projects die. Half my portfolio died off in 2018. So far I haven't suffered any major losses i.e., nothing went to 0. Solana might go to 0 though. My ICP and HBAR bags are starting to rebound. At least I made money staking my ICP during this downturn and will have more to sell on the way up. |
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You can wait for a couple of hours or days because there might be more dumps to come but waiting for 1 to 2 years, seriously? That's already long and you will miss a lot of opportunities already but anyway what event do you think is going to happen after 2 years? Is it the halving you are thinking?
But, I think that one is for btc although when btc rises, chances are that alts can follow too but will you buy when the prices are already rising? I think you can earn lesser income that way and the risk of losing is also high, if that was your strategy since after a pump, the coins can go down immediately. Buy low sell high is still the best strategy mate.
Right on, you can't predict the market, you can only DCA. I'm buying ICP and HBAR right now and Ethereum under 500 usd. |
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Banks are already working with cryptocurrencies like XRP and XLM. CBDCs have been rolling out over the last year. Other contenders for nation states would be UTNP and CNDL, both of these have 0/low fees and are capable of running smart cities.
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One of the best ways to make money in crypto (if you don't already have a lot of money) is to participate in bounties and airdrops. There is a bounty/airdrop specific board on this forum you can refer to. There are lots of opportunities to make money because projects need help with promotion and beta testing. I already earned some coins from the candlelabs.org bounty program but I am open to others. So, that out of the way, if you do have money, consider investing in projects with real world utility, that have business usecases, like IOTA and HBAR.
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The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.
A lot of people moved on from Monero to other private projects like Incognito Chain and 0xMonero. Besides, any L1 chain can have privacy if there is a mixer dapp. |
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that's the problem, that not everyone in the crypto currency world can analyze a good project or not,
and they are completely blind about it, my suggestion is that we can race against coinmarketcap or coinecko,
look for altcoins that are in rank 1 to 500, because it can be said that the project has good fundamentals
It's too much if you suggest looking for coins from rank 1 to 500, because among the 500 kinds of coins there are only 100 that might be very worthy to see, the rest are complements to enliven the coinmarketcap or coinecko list. So how many coins have you seen so far? because to see up to 500 kinds of it obviously takes a lot of time. I changed my focus and now I only invest in microcaps ranked 3000+, especially ones like ATRI and CNDL that have launched recently and don't have a lot of bagholders. |
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So who would you say are the most influential figures in the history of crypto? I'll add my list below which is not ranked in any particular order. What do you think about my list? Anyone you would leave out or add? What is your list?
- Satoshi, Bitcoin
- Adam Back, Bitcoin
- Vitalik Buterin, Ethereum
- Jae Kwon, Cosmos
- Ethan Buchman, Cosmos
- CZ, Binance
- David Chaum
- Nick Zsabo
- Gavin Andresen, Bitcoin
- Sunny King, peercoin (first pos coin)
- Vincent Durham, namecoin (first top level domain coin)
- Hal Finney, first bitcoin recipient and early contributor
- Ralph Merkle, merkle tree inventor
- Wei Dai, lot of stuff
- Pieter Wuille, bitcoin core dev
- Andre Cronje, Yearn
- Fluffypony, Monero
- Charles Hoskinson, Cardano
- Emin Gun Sirer, Avalanche
- Roger Ver, Bitcoin Cash and Bitcoin
- Joseph Lubin, cofounder Ethereum
- Gavin Wood, Polkadot
- Sergey Bazarov, Link
- Charlie Lee, Litecoin
- Hayden Adams, Uniswap
We seriously need to stop worshiping people as celebrities. Make your own decisions. |
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There's a lot of talk about this airdrop, but it never happens, even though it was announced last year. I don't expect anything significant from this retro drop, it won't be airdrop of dydx or Uniswap level, because it's too popular wallet and there are a lot of users. And bots can also, as usual, ruin the whole airdrop execution, as has often happened. Most likely, airdrop will not happen before the crypto market recovers.
This is what I think too. I don't think they will introduce a new token in a bear market. That's why I've been focusing on bounties, like the one from candlelabsdotorg, instead of airdrops. Most of the airdrops are low value projects and the bounties give better rewards. Do you suggest any other bounties? |
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If I'm to select between the two, I'll go for option 2 because it has more assets and with the nature of the market. It would be impossible to accurately predict which projects would give the best return in the future. When it comes to investing in altcoin, diversification is better to spread risk and maximize potential returns.
why choose 2?, I prefer more than 2 and less than 10, maybe 5 is a good answer, because we know the potential of altcoins which are certainly safe to invest, I have a choice if you want and maybe you can consider it,1. BNB, 2. CRO, 3. VET, 4. IOTA, 5. IOST. I like your list better than a lot of the other ones. It pains me to see people are still buying SOL. What do you think of IOTA vs IOST? I only hold IOTA. As to BNB and CRO, I would consider trading one of those for CNDL. |
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Somewhere your point of view is correct I also think that some top ranked altcoins will be replaced by other quality altcoins except Ethereum nevertheless I think rank doesn't matter we should consider to invest in good utility and strong fundamental based altcoins although the current market condition is not appropriate to invest more money in altcoins now the time is to have patience and hope for something positive.
We have the same belief that Ethereum will never be replaced in its rank. But the other altcoins, they're likely to be exchange ranks and places because it's the most volatile of them all. The investors that have diversified a lot from altcoins and didn't save bitcoin or Ethereum, they're the ones that will have the bloodiest portfolio of them all. Too many exchanges shall happen and the strongest last year might be the weakest for this year and for the next years to come. It's a cycle and a continuous change. There is a possible reshuffle of coins rank after this bear season as I'm going to believe that only reliable and has working products will survive while useless and shitcoins will dump to die. In fact, we'd seen this situation before, numbers of projects went down and never recover anymore. This is expected to see and so investing those coins that have been known to its profitability like ETH and BNB are worth to buy during this time. Binance may be sued by the SEC, which will make BNB dump even further. Ethereum looks like it is going to keep going down. The best way IMO to make money in this market is to buy alts that already bottomed and are rebounding, like 0xMR, HBAR, and CNDL. |
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No one knows what happened throughout the month of June because the crypto market so far has not had a strong sentiment for a strong rally in the near future. Moreover, the price of bitcoin so far is still in the range of $19k-$18k throughout the two week in June and other Altcoins have not strengthened. Therefore, let's see how far the market moves in the next few weeks.
personally i see bitcoin almost in bottom , maybe 16500 could be reversal level this bearish movement. its been so long bitcoin and altcoin price drop alot and current price most in monthly support. although we dont know what will happen in future, start buying cryptocurrency for long term purpose was good step. start with small amount and if still drop we accumulate it. I think we are close to the bottom but a part of me thinks that we will see Tether implode, which would push us further down. I see ETH bottoming around 500 usd but alts like XRP, and HBAR are starting to gain momentum against BTC already. I just wish I had more money to buy the dip. I have been trying to get all of the airdrops and bounties that I can find. The best one so far is the candlelabsdotorg bounty but I'm also hoping to get the Metamask airdrop. |
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