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June 22, 2021, 02:53:53 AM *
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1  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Ripple ever reach $5 ? on: June 21, 2021, 01:44:21 PM
Did you sell your xrp during last pump? It hasn't crossed its $4 ath from 2018 yet and some analysts have predicted that it would reach $10 minimum. I really hope you sold it during last pump to cut your loss and rebought it during dump to recover your losses. From what I can see, xrp price is consolidating right now so we should see a nice jump in the near term.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Holding 5 years a just a imagination on: June 21, 2021, 01:32:08 PM
Five years ago btc price was at $406. Anyone who held their btc for this long gained $59500. I cannot imagine many people can hold for that long but for those who can holding can be very rewarding. Patience pays off. not every coin will bring you this much profit and you should always take your precautions when investing in any altcoin that is suitable with your own investment style.

3  Alternate cryptocurrencies / Altcoin Discussion / Re: Large exchanges contacting and offering us to list altcoin? on: June 18, 2021, 02:18:53 PM
Hi

So 2 major exchanges with trading volume of 1 billion USD  to 2 billion USD have contacted us regarding a new project and they are saying they like our project very much and are offering to list on their exchanges. At first i thought its fake but looks like it is real listing manager contacting us.

They are saying the fees to list will be around 20k to 50k depending on package type and they require safety audit report, legal papers and etc.

Now my question is:-

1) Is it worth listing on their exchange when we already have decentralized exchanges like uniswap and pancakeswap where we can create a exchange within minutes.

2) in case we decide to list what kind of exposure are we getting from such exchanges?

3) we are still in our presale phase and presale is not even started, so we lack funds. Is there anyone to help and partner with us if you think listing on such exchanges will be beneficial.


Thanks


Exchanges can hardly make others interested in what you are offering. You will probably see increase in volume and get more exposure that can help you get listed higher in cmc. You would need to get listed on multiple small exchanges to get satisfactory exposure.

I would say focus on presale and marketing for now and worry about exchange listing once you have the funds. If you are going with big exchange you'll need one or two, if you are going with small exchange try to get atleast 6-10.

Since you're already on pancake there is no rush.


4  Economy / Trading Discussion / Re: How do you know when to sell? on: June 18, 2021, 01:39:11 PM
Knowing a perfect time to sell is hard for any trader. Everyone wants to make most amount of profit and don't want to exit just to find price jumps 10x from their exit.

1 - Use Technical indicators - They were created so people would not get entangled in emotions when doing a trade. When you are overwhelmed by your emotions you are going to make decisions that might not be beneficial to you. There are many TI available, choose the one that fits you trading style.

2 - Don't get too greedy with your investment - Greed is hard to manage trait for investors. You can manage it only by constantly working with yourself and knowing when you are getting too greedy. There are tools available like the one I mentioned above but you'll have to do all the work yourself.

3 - Always set a target before you enter any trade - Choose a reasonable exit before you make any trade. Stick to it! If market goes higher than your exit point, don't worry about it. This is where TI comes in play that'll help you get most amount of profit.




5  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can the market build an immune system against meddling from influencer like Musk on: June 18, 2021, 01:16:01 PM
Market has always reacted to tweets in the past but only for short term. We will definitely eventually grow immune to what tweets are saying, you can already see it happening. There was this phase of major dump after negative tweets and market would take days to recover, then we moved onto phase of little dump but fast recovery. I don't see how we can grow completely immune to it as long as people are selling based on one tweet rather than ignoring it, but we will be less effected in the future.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Are meme tokens dangerous or moon on: June 17, 2021, 06:16:15 AM
They are very much like any other coin. It depends on whether they have a utility or just here for quick run. If you look at doge or shiba inu, you'll see they gained quite a large amount of following and brought nice return for investors so far.

There are tons of others that are following their trail. some of them have no use, others do. choose wisely.
 
Many people see them as attractive investment for one reason that is you can own millions/billions of them. specifically those that are coming up with trillions of supply.

Invest only what you can afford to lose to minimize your risk.



7  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Best altcoins to hold during a bear market? on: June 17, 2021, 05:55:04 AM
btc is obvious,

eth, bnb plus many from the list of top 50 are great to hold. First three I mentioned are great value for money during bear or bull market. During bear market you'll always see new coins pop up that'll bring higher gains than previous old coins. Keep your eyes open for those ones too.
8  Alternate cryptocurrencies / Altcoin Discussion / Re: What features should a good altcoin project have? on: June 16, 2021, 09:23:38 AM
Good responsive team is important part to make any project succeed along with use case.  You will notice that all altcoins that have succeeded and will continue to succeed provide daily updates to their userbase. If I am not seeing updates for a week or long that's not a good investment. You can read their whitepaper and learn about they are heading.
9  Alternate cryptocurrencies / Speculation (Altcoins) / Re: another bullrun before 2021 ends on: June 16, 2021, 09:01:41 AM
I am not certain about the price prediction you've made but yes, we're in another bullrun and I expect it'll start in last week of June till tba. We've already touched 65k in the past and as we can see that 30k-36k seems to be the bottom this time around and selling pressure is also going away.
10  Economy / Trading Discussion / Re: What Practical Advice For A Beginner Trader? on: June 15, 2021, 01:59:28 PM
start with small amount and try to get it larger before investing larger amount. Invest only what you can afford to lose.

there is a lot of good information posted here, go through them first.

Use technical indicators and stop loss. Technical indicators help you not fall in emotional trap and stop loss help you not lose what you made.

11  Economy / Trading Discussion / Re: Is Scalping even viable in Cryptocurrencies? on: June 15, 2021, 05:24:43 AM
Hello Everyone. I currently trade on Foreign Exchange Market and my preferred style is always "Scalping" which involves fast execution, and gaining advantage from short price changes.Thus, I highly rely on technical analysis rather than fundamental. I just want to know if scalping is practical in the crypto world.

I haven't found scalping in crypto to be much helpful. In forex you have ability to sell large chunk at preset price without compromising your order by selling in small pieces. In crypto, order book is filled with small orders and there is large fluctuation in price and you lose some of your investment in fees even while scalping.

Start with small amount to see how it goes.
12  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Binance Smart Chain the "New Ethereum"? on: June 15, 2021, 05:15:03 AM
one of the thing that makes binance better is that they have their own exchange and apps that are easy to get to compare to eth. Lot of new alts are being built on smart chain vs eth this takes a load off eth network and fees are cheaper compare to what they were before bsc came across. As long as they continue to improve they'll grow at much faster rate.

13  Alternate cryptocurrencies / Altcoin Discussion / Re: How Many Different Coins Do You Own? Me = 11 on: June 11, 2021, 02:19:18 PM
that's a good list. Did you buy them recently or months ago? I like what you have in the list. I would buy and keep all of them in storage myself. From that list matic has been one of my favorite it has brought tons of profit and it'll continue to rise.
14  Economy / Trading Discussion / Re: Calculate profits on: June 10, 2021, 07:14:33 AM
most exchanges have in built roi calculator on their website that you can use to calculate your roi based on your investment. If you want to do it without help you can use below formula with or without calculator.

btc owned * current price = a
btc owned * future price = b

b - a = profit
15  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Ethereum rise again? on: June 10, 2021, 07:02:52 AM
We have seen huge gains in just past few months and they have numerous upcoming events happening this year that'll only help. Currently it follows btc price and I'm looking forward to see when it would start building its own trendline separated from btc, that's when real change will begin.
16  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin listed on Coinbase pro on: June 10, 2021, 06:58:47 AM
I am not surprised that they decided to list doge. Pricewise this has not been very helpful so far. I was expecting price to touch $1 around the listing sadly that did not happen.
17  Economy / Trading Discussion / Re: what should i do when i bought at support but still down 3%? on: June 09, 2021, 01:40:28 PM
Once anything goes below support line it becomes a resistance. I don't find 3% to be that much of a deal, price always goes below support line and then bounce back. Longer it stays under support line less likely its going to bounce back. It also depends on when you bought it. Did you buy it during dump or was it more flat line trading?

Always use stop loss to  minimize risk you might not want to take.
18  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Bitcoin/ETH replace fiat someday? on: June 08, 2021, 06:36:23 AM
simply no.

BTC have changed how financial system functions. btc/eth is an investment for everyone who is putting their money or mining power in it. I would compare it to other investment assets. You can buy with bitcoin and that's a plus. Mostly everyone use it to as an investment.

We will have digital currency.
19  Alternate cryptocurrencies / Speculation (Altcoins) / Re: When will SHIBA INU going to reach $1? on: June 08, 2021, 06:29:07 AM
$1 is a challenging target to achieve. we live in a world where doge can get to $0.75 I don't know what to say. anything is possible. Realistically, I find  $0.01 would be plausible before/after shibaswap is launched. we can discuss about $0.25 or $1 target afterwards. shiba inu following is growing faster than anything I have ever seen.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: NFT hype is over, next hype please on: June 07, 2021, 12:31:58 PM
That was a pretty short hype, but you can state that the NFT hype is over. This can be measured most clearly by the prices for NFT projects and NFT tokens. If you take Chilliz, for example, the price has collapsed by 75% from the high. In comparison, Bitcoin is currently valued around 45% lower from its high.

NFT hype is over, what do you think will be the next hype to prepare for?

there are still many coins that are trying to ride nft train but it is over from what I can see. I am still not sure what people are buying when they buy digital artwork in the form of nft. It couldn't last for a long time. I guess nft can still has some use in games .. other than that I can't think of any other use for it.

next trend seems to be tokens with supplies in trillions.
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