There are many benifits of using Bitcoin but there are some risks of using Bitcoin. If you can invest and trade Bitcoin and market goes low it can effect Bitcoin price and you can loose your money but if you patient and wait for market pump you can earn profit and there are some account scam issues can happen but if you will not share you private key, password or seed phrase you will not loose your account.
As it's been there for more than 10 years those information are really being adopted by people who take time knowing and learning this asset, there are many pro and con and it going to be depend from how investors and traders will treat this up and how they'll going to manage and balance both the risk and opportunities. |
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hi guys
I am wondering where you guys ll invest 1000 usd, which has got a chance to get insane profit.
Please can you give reason as well
Thanks
if that were to happen to me maybe i would make a few coins of choice BNB and ADA, because 1000 usd is a lot if you only invest in one coin. and we know that BNB is supported by BINANCE so these two coins in my opinion are a good investment choice Still OP's decision maybe he may get some influence coming from those people who wrote here and made their replies, But at the end the of the day, it should always OP to recognize which suggestions and reasoning are fit to what he is looking, not aneasy task to pick your investment, lots of influences.. |
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Wow.. this is the first time I saw XRP is pumping really hard,.. may you guys share what are the reasons why XRP whose been sleeping is now pumping already? Do we have a positive news against the SEC, or a different news? https://coinmarketcap.com/currencies/xrp/Currently have 47% increase and it could reach the price of 1 usd soon. XRP has now become 1 dollar. Even though it is one dollar, it seems to me that its price has increased much less than that of other coins. XRP price need to 5$ Atlast It only took 1.5 cents to reach $1, this is the highest increase ever as it is up more than 35% in a week. I'm happy because XRP is not bothered by lawsuit issues, they can convince investors and make the market respond positively. XRP gaining since Bitcoin also recieving good support, the market for this coin stil positive as like what the post above you said, XRP should reached $3-$5 cause Bitcoin, ETH and BNB already made a time high while this coin since the lawsuit till now still fighting to exceed with $1 mark. |
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I just always set my investment based on what I can really reach and afford.
Sometimes, I need to take some risks by taking new hyped coins such as in Nft games. However, I commonly will sell them directly when getting some percentage of profits.
However, what I must understand is that every trading strategy will require any risks. And the risks that we take will also depend on our decision at that time.
I will prefer to choose more to the top coins or good coins with certain fundamentals issues nearby so that commonly it will have a higher increase.
As long as you have plans before taking your investment, it will give you a good chance, most of those who set their targets And patiently waits are the earners from this industry. They trade with fewer emotions and they execute the right. Timing inside the market. Profitable both on short and long trade as long as you the have knowledge to perform with any types of assets you have. |
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If this is true, we are probably going to see a lot of people that will come to this forum and rant about the dump in prices and how they regret buying at X price point because they're the people that OP here is talking about. I hope that they're not panic sellers too because if a rug pull happens, shit will hit the fan for the market and for those panic buyers.
now the bitcoin chart shows a downward flow, seems to be undergoing a price correction. Is this caused by their panic selling, if it is. it becomes a countercurrent, one sharp current vying to buy and another vying to sell. we are a little confused who will be the winner. let's see tomorrow the price of bitcoin is back in the pump or back in the dump! It happened when weekends were almost there, those who earned are now securing their profits. Plus those that fears to lose more are also cashing out for much lesser losses. It's difficult to conclude if what directions. the market will go, all depends on how you understand the situation. |
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Very true. More newbies in Bitcoin are so disparate to invest without knowing what they are doing and the possible risks. They are thinking to become one day rich or quick rich mindset. But no. Yes sir, you are correct. Knowledge is important to stop crying if whales control the market or if the market dump.
Such mindsets broke many newcomers to this market, the volatile nature of bitcoin lead those uneducated investors to lose there hard earned money, knowledge is very important for those with no idea of the business that they are working with, the chance of being scam or being moved by whales is very possible to happen. |
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From my own experience and from what I believe I think paying in bitcoin will be better and I believe in future the payment method will change from fiat to bitcoin because I believe more companies are beginning to accept bitcoin as there payment method so I believe with time they will also start paying there staffs with bitcoin which will be very nice.
For those who have transacted fiat and bitcoin, of course they feel very different, bitcoin is better in many ways, speed, no errors, and of course very safe even though sending or receiving with large amounts, hopefully Amazon will be a pioneer of e-commerce transaction systems so that it makes bitcoin is increasingly being used. The feeling of accepting crypto will become a norm after some payments and people will actually prefer it over cash once everything in the market can be bought with cryptos. Why would someone accept payment in their bank account and pay 15% taxes when you can spend the whole amount you earn. That if more businesses includes Bitcoin as payment process, I see your point and I will also love recievng my payments using bitcoin as I have full control once it's been verified inside my wallet. Ang the fact that the value have chance to increase, I can use portion of it for my saving/investment. |
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The current improving market conditions greatly affect the growth of Ethereum to go higher in the future, especially with the arrival of the London hard fork, Ethereum has a great chance to hit $4K in the near future, of course with the current positive trend. . most likely we will see ETH will hit its new ATH again.
With current bullish movement from Bitcoin really affects all those known alts, the market still at green and with the arrival of london fork it added a lots of speculations coming from supporters and newcomers. This is still good for those who really trust this asset, $4k is not far possible to reached before the end of this year if the market continue to move like this. |
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If Elonmusk is planning to make their own coin then my next step would be to monitor the latest status on their Twitter account and there's no harm in taking advantage of the Hype from the guy, but remember to leave once you've made enough profit. from the other side I'm sure he could easily do the hype like Doge.
Something that you really need to think and be careful about, riding with manipulator like Musk is not an easy task, he can move the market within a second and those who can't handle fears will create huge dumped, it's for those who have a clear mindset riding with the whales and know how to handle emotions. |
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Crypto trading requires practical knowledge and experience. You don't need emotions to trade crypto. Before investing, you must know as much as possible about the project. Then you have to invest if you agree.
Knowledge is really needed in everything, including trading in the crypto space, because with mature knowledge, everyone can determine their steps in a better direction when investing and also trading, both in the short and long term. Not just needed but a must before you invest your money into this business, with knowledge behind you your chance of success is far better than those who thinks that trading is just a easy passing way to richness. emotions mostly affects you deciding so like what the title said, trading with emotions most likely harmed your investment. |
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This is very inconvenient, lots of scams by selling fake tokens with the same name as other tokens.
This is happened to my friend few day ago but my friend are careful and check it first.
As a buyer we must be carefully to check a token from a seller.
Good for your friend to check information first, it allows him to verify the legitimacy of the project, can't deny the fact that scammers will do everything for the sake of money. And if you are not careful you'll lose right away without knowing that you are already being victimized, sad to say that you can't do anything once scammers get your money. |
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I don't think this is possible because cryptocurrencies have no analogues in offline mode. While fiat currency has a paper version.
In addition, the concept of cryptocurrency is still difficult for some people. The volatility of cryptocurrencies can have an adverse effect on people's well-being if absolutely everyone starts using them on a daily basis. But I believe that fiat and crypto currencies will coexist, integrating with each other.
Adoptions from most people is the first thing that will interfere in this situation then here comes the government that will not allow anything without their control, coming from this 2 things it will be tough for crypto either btc or Eth to replace fiat system, more on alternative and possible to co-exist but totally replacing the old traditional system, that's still far from reality. |
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Dogecoin price is currently $0.2 but we don't know how doge's potential will be in the future. because what we know is that the prospect of Dogecoin can soar because it is influenced by big influencers. hopefully we can see the price of dogecoin soar very high
Dogecoin It will be very difficult to soar again if it is not prospected again by big influencers because Dogecoin is a meme coin that has a very large supply and also does not have strong fundamentals like other coins in the crypto space. Being used for hypes if there's no whales to move this coin it will be difficult to gain the attentions of most investors, those who losses money from following the hypes already move out and use other coins that have potential to recover their money, in need of deeper analysis before placing your money if you have plan to invest to this asset. |
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The best option is to invest in BTC, ETH, BNB for more profit in the long run.
If you mean long run you should take into account that you should have minimum of 2 years to fully maximized the benefits out from those assets that you've mentioned. There are big potentials that acceptance will continue and adoptions for crypto transactions will bring more value to those assets. Treat it as your lone term savings you'll love the benefits once you succeed holding it. |
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Some say cryptocurrency is a low risk investment but high return and also does this digital currency have a fundamental value so that it is feasible for investment?
What do you think ?
I think investing in cryptocurrencies has a high risk because the price of crypto is determined by the market, not any individual or community. we can lose assets if market conditions crash. but we can get big profit if we make investment in the right crypto and have good growth on the market exchange. Supply and demand as follows, if there are many buyers who are willing to keep and hold the value will pump while if there's no trust anymore with your chosen asset, expect that the value will fall. It's not easy since there are so many things that you needed to consider while you are into this investment, best to keep being updated not to missed out every opportunities,. |
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Profits may not always be available from all coins. Such as LTC is a top altcoin. BTC is the Gold and LTC is the Silver. LTC crossed $300 during the bull run of 2017 but LTC could not cross $300 during the bull run this time. If someone holds LTC, he will not get any profit. If you want profit choose right coins.
If you are no longer getting any good profits out from holding particular asset, better to reassess and if it's needed to switch to another project, you need to deal with much deeper research to avoid another mistake. We are inside the market where volatility can be your friend or the other way around. |
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If me in a condition when i am hungry means i don't have anything to buy food, i will sell my assets. Maybe that is hard choice but for people who still on limit condition, although already spare free money to make investment, something that unexpected can be happen. Maybe if OP decide to stay hungry and keep holding his assets, it is his choice and he must already know what he did.
That's his conviction and it's need to be respected, if he choose to continue holding his assets even his already starving then it will up to him, we do have our own opinions and we know that we can only decide if we really face the same case, loving your asset than loving your life. |
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remember the government does not have a policy on this, crypto is global not only in domestic countries.
So many protocol in the crypto were fully decentralized. that means if there was no chance for the regulators to create such policy to be applied for the smartcontract users and developers. Imagine that when it will be happening and then people can still issue their tokens on their own computer. that means if that will never happen. The decentralized system was preventing it to happen to give freedom for anyone to use the smartcontract Decentralization give space for every developers and users to keep away from any intervine coming from the government, the concept prevents them to have any grasp with this system, and let it be like that as freedom for everyone made this industry more interesting. |
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When market goes down not gonna lie it make my Mood so bad when i see my portofolio bleeding but sometimes when i see market drop i feel a little bit happy because i have a chance to buy more in the cheapest price. I buy ethereum on 4k and after i buy the price go drop below than $2k and at that time i decided to put more money into crypto and buy eth arround 1900-2000k so here i am now and feeling blessed to see ethereum keep rising after the LondonFork.
Great chance for every trader who have that same impression to this market, look how good that london fork brought into ETH market, moving great and even if you lose some money from your first ride now you are getting nice profits from this current pump. Best of luck to your trading. |
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Many projects within this bull market dip had seen their team run away. These are projects already listed on top exchanges but no more communication with the investors and holders on their social channels. Some of the team members had left the project for new one without hiding this from the public.
that's what happens a lot in the case of new projects like that. We are like returning to 2018 which will see many successful projects in sales but running away from the community and investors. we have seen many such cases in the past. and I think it will continue to repeat itself in the future. It will continue and we have to work more in securing our investments, scammers are just checking those investors who are not aware of this process, or some lazy traders who are not doing research and just quickly invest their money to those assets. |
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