the current price of the solana is $153. this is not a good time to buy because the bulls were strong enough to hit their all-time highs. the market is not stable in 24 hours today. but a lot of people want to buy just because the Solana has decreased by almost 30% but I think that's a bad thing.
there is a potential that the decline will continue. this depends on the movement of bitcoin in the market. if bitcoin continues its downtrend it will also have an impact on SOL. although the adoption is amazing now because of the new projects that have a very strong hype. but market support is certainly important to make pumps again. waiting for a better market to enter is the best option now. |
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It's greed in a way. There are people who are ready to sit in a certain asset for a very long time no matter what. Any strategy is correct if it brings you money.
To sit in one asset for a long time you must definitely not depend on the fluctuation of its price and its value.
that's what's important. but for those who are just starting in crypto investing. he will continue to watch the market and may panic when he sees the market fluctuates. that would be their fault. there are also errors in selecting assets. this is the most serious. choosing assets without understanding how their project will run for a long time or will just run the hype. |
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Cardano is one of the most popular altcoins right now, Due to unexpectedly beating the popularity of binance which is ranked third in CMC, I would venture to speculate that in the near future ADA will hit $3 and will hit $4 by the end of this year.
do you also have ADA in your wallet? why can you speculate like that? is it because of the update related to the launch of the new Cardano ecosystem being talked about? everyone is talking about it right now. ADA chart looks good after yesterday's correction. but we have had a not-so-good past with Cardano development. Anyone who has followed the development of the Cardano project will know it. |
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For Ethereum for example, it is a drop which is more than 10%. And I'm hoping to see the drop no more than 15%. The prices of most of the coins in the market got a good acceleration recently and I never hoped a this big price correction. I was expecting a little price correction after Bitcoin reaches $55k. But it happened earlier and at a really high rate. This could be the biggest drop in such a short time in history I guess. September seemed great when I saw most of the coins increasing but it is not like that now. I wonder why Bitcoin and the rest of the market have this much bad luck in every September.
for now maybe only 10% but hopefully it will stop at this stage. because there is also a possibility that the dump will occur gradually. and this is precisely what is considered dangerous for some investors who are still holding their assets and have not come out to secure their money. I just suspect the dump might happen in 2-3 stages for this season. and there will still be price stabilization but dumps will happen again. |
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When people talks about diversity in crypto space they only point at big projects and small projects combined but no one ever talk about their life savings, I've seen people putting all they have into crypto and yes they have more than 5 coins in their portfolio but is this the smartest move?
Personally I think the smartest move is to have some funds offline as well, if you know what diversity means then you should be smart enough bro know that nothing is guaranteed, have some money 💰💰 offline and some online (crypto and other), putting all your eggs in one basket is bad and too much of everything is also bad
Well, actually they diverse their investment with several coins which is better than only invest on 1 single coin. Some people like to investing in crypto because crypto is more volatile than other assets which can bring more profit, also more loss. No wonder they prefer crypto than fiat or other 'offline' asset to invest on. because they are volatile they can turn a profit quickly. I'm sure many people think like that. although they also understand that the risk of market fluctuations is also very large. dividing investment into several assets is very good to maximize profits as well as to minimize risk. but sometimes in dividing investment assets, we do not always focus on analyzing which can make us wrong in taking assets. |
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Bitcoin can be said to be high now, at $52k I don't think any poor people can afford it, they have to look for new projects that are still developing in order to get the same big profits at a cheap price, that's a good solution in my opinion.
there will always be alternatives. although bitcoin will be very expensive in the future, even for now. there are alternative coins that can be chosen by people who have limited capital. but at least when the price of bitcoin becomes very expensive, it will trigger altcoins to follow the movement of bitcoin in the market. and that's also something to gain apart from bitcoin. |
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Personal opinion only based on my experience, I would choose to invest in crypto as it's more volatile here, lots of new start up that could potentially grow significantly even in just a short period of time, and since it's less regulated, then there's a big chance that you can grow your money if you are smart enough to find a good project that is hype and could pump like x10 or even x100 in the future, it barely happens in stocks IMO.
For those who dare to take risks, choosing cryptocurrency is indeed better, but it will have a greater risk, especially for new projects, of course, they will be more careful to analyze it. indeed in crypto X100 increase is very possible, but we must endure psychologically, because of course it will be more challenging but believe me, there are many of my friends who used to fully play in the stock market who finally asked me about the crypto market. they used to think crypto was just a scam, now they have a better understanding. and of course, finally they have a better market to make a profit even in day trades done. |
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Will this market signal a new season for all the other cryptocurrencies, as the entire market looks bullish at this point?
yes this is indeed a signal for all crypto coins. but I don't think it will last long. so choose wisely which coin to buy, or you will be disappointed because the price doesn't go up. The state of ethereum is a natural signal for all altcoins, when good ETH is high, other altcoins will always follow, especially altcoins that are on the ERC20 network. we can actually see ethereum revive the altcoin market. this is a good signal because choosing an altcoin is not so difficult for short term trading. the most important thing is not to get carried away by emotions to continue trading. immediately exit if conditions do not allow. take advantage of it. and immediately switch to another asset. because the signals that appear seem to be alternately belonging to several altcoins in the market. |
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Your argument seems reasonable but consider the fact that the technology of devices is improving over time. Mining devices are more powerful, consume less electricity. Renewable energy will also play a big part in the evolution of miners' equipment. One thing I am sure of is that mining will stop if miners lose money so they will always find a way to fix it.
as long as there is still something generated from mining bitcoin and it has a value of course mining will still exist, even though it may no longer be profitable in large numbers. it's also like the situation when bitcoin didn't have as high a value as it is today. Miners will only get a small value from the bitcoins they mine. but the orientation of the miner must be for the long term. and now it has been proven that they are still profitable. |
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Majority of those who believe that Bitcoin is a scam are those boomers and probably those who lack knowledge about Bitcoin and cryptocurrency and are probably misinformed with the whole concept of Bitcoin, but I think we are slowly getting past through that old belief because more and more young people are being educated about Bitcoin, Blockchaind and cryptocurrency, I honestly think it does not matter if these boomers do not believe in Bitcoin, it's more of the next generation that we need to pass the information on, because they are definitely the ones who will continue this legacy.
I think that attitude is also natural because they don't really know how bitcoin works in the market. but after understanding there should be an understanding open in his mind. try to find out how bitcoin really has brought something new to the world market. |
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Emotions do play an important role in trading and investing. Fluctuating prices affect psychology and I think if we don't have a good trading and investment plan, we can panic and sell our tokens at low prices.
But if we have a good trading plan and invest for the long term, I think we will get profit as long as we hold the tokens.
I absolutely agree with you that trading psychology, good strategy and skills are the main part of successful trading. We should calm emotions and just follow the strategy. If we give up our strategy we are more likely to regret then. But if you follow your strategy and all the same you get losses, it is a signal that you just need to change something in your strategy. sometimes people are still calm when making plans in their investments. but when you see the market moving quickly, that's what creates panic that can disrupt investment plans that have been made. indeed everything you mention is very important. but to master all of them, will certainly take time in developing skills. |
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We all know that Some coins prpjects not make it long
They die so what the main reasons?
And how far the coin will go even if its bad project?
Let's Say you buy very low cap coin but most of them will reach top 20 coins.
Look at the fact how Fast ada uni and aave went to top 20-30 coins.
Question is Where will be end? Can the top 10 or 20 coins disapeare?
So are there average statistics how far the coin goes Before it dies?
The main cause of the death of the project was the lack of support from investors and project enthusiasts, which was very low so that the project development financing could not be carried out. many parties make projects that eventually die, this problem is also caused by the project community being not solid so there are various kinds of problems that make the project unable to run, not infrequently we also find them only using the project to deceive investors. it's because the developer is not able to manage the community well. because projects without community support that help their market continue to strengthen could easily fall. many projects when open trade immediately declines and are unable to make developments. in a very long time, the community will definitely go out and look elsewhere. |
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The development of the SOL market is indeed extraordinary. but buying when the price is in a pump rally is not recommended. unless you are a pro trader who has fast trading skills. because most of today's traders implement fast or short trades when the coin pumps momentum.
if you don't have it then don't try it, although the pump potential could be even higher. SOL is indeed being a concern of many people in the community today.
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I think it's legal and quite reasonable because these coins can have a chance to be profitable in the long term like Bitcoin and Ethereum, but it would be nice to invest with cold money because you don't want the capital you invest in these coins to make you hope in the long run. close will double, that's also not necessarily. Just leave your money there and continue to monitor market developments until the price goes up.
Actually it is not cold money but rather money that is not used in daily life, meaning that everyone who invests must always use the extra money that he does not use for his daily needs, so that he is more relaxed in carrying out his investments and improving his work. that's true. but it would be a different case if they were people who actually worked in the crypto market by investing and trading. put their money in the market for daily and long term profit. I think a lot of people have done this. in day trading, I always withdraw my profit money and leave the capital. For example, I put $100 in daily trading and made a $20 profit. then I will withdraw $20 and leave $100 for the next trade. The $20 profit can be accumulated on top market assets for the long term. so indirectly we do two jobs simultaneously. |
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To find out the dip, look at the graph between months, weeks and days... later it can be concluded whether or not it is good to buy in the long run, If in the short term, you can analyze the 4 hour 1 hour chart even a matter of minutes... and make sure to always use a stop limit to avoid unwanted things, and stay safe,,,
Some people buy from the dip and don't care anything about why it dipping, can its recover? Month chart view is the way to goes to gauge this as many people already said in this thread, there is good coin and bad coin out there. All of them may dip but only the good ones will recover. You need to review all those past performances of certain coins that you are aiming to invest your money, it gives you confidence in waiting and holding till the market bounced back and give some decent profits to your investment. If you know how to play with this kind of market movement, there's a big chance for you to earn a lot, just keep repeating what you are doing and harvest every profits that you can get from the project that you fully supporting. for those who already have skills in trading in difficult markets will certainly earn a lot. all depends on the selected asset. that's the most important. therefore the ability of each person is very important. don't just follow the signal or the hype that's going on. |
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There are several things that affect the rise and fall of Crypto Asset prices, some of which are as follows:
The price of Crypto Assets depends on the balance of supply and demand,
News or media coverage can affect the price of Crypto Assets, Crypto Asset price volatility is mostly based on hype which often keeps interest high, The amount or quantity of the Crypto Asset itself, and Fear and greed are caused by psychological factors.
On the current situation, I am more inclined to believe that it's more based on the news or media because people would easily want to speculate and that would result in a good price movement. Supply and demand are very important to consider, but due to hype, one could create an artificial demand because of market manipulation, so we should always be careful with that. many traders are hooked by the hype that occurs in some assets. manipulation created from news creation and popularized in the community that can influence demand. looks very easy for those who have a large following in the developed community. |
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I think SOL has had a good pump cycle from some important updates coming from its platform, for example,
on August 25, the Pyth Network project officially announced its arrival on Solana.
On August 26, Solana announced the integration of Chainlink into the platform...
Therefore, Sol is likely to be a very healthy altcoin this month even though bitcoin's trend is not volatile enough for a breakout. Sol keeps making new ATHs, but if the excitement is here, then I suspect bitcoin will lose its direction in early September, which it has to due to long standing positions.
we can see it from the updates and events carried out for this year. of course, it could lead to increased adoption. it's only natural that the price of SOL will continue to print new ATH. for those who do long-term planning, I think it is still very profitable. but for the short term, we have to really pay attention to the state of the market. |
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My advice is to go to TRX. Currently most TRX have low fees for transactions. if your capital is small, maybe TRX is good for you to make as an option because currently TRX is also experiencing a slow increase in the market.
in the current market rally, TRX is not looking so good compared to other assets. I trust TRX with fast transactions and lower fees. but if it's for investment or trading there are definitely better assets. such as NEAR and ATA are getting a lot of attention in the market this week. |
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I also received some of these tokens. But I did not add these to the main wallet. Because I know I didn't buy these or get them from any airdrop. So I never tried to swap these. These shit tokens are sent for advertisement purposes. It is better to stay away from these tokens.
some already have Fake Phishing in the contract address. of course, trash tokens as already mentioned will do nothing for us. but for those who are new, must be very interested because the price on the exchange is quite high. |
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One of the worst experience that I had in crypto world as being a bounty hunter is when I participated for almost 6 months of doing signature campaign becomes waste of time and effort and I have plenty of those failed and scammed bounty campaigns that really broke my heart and made me have a very worst experiences.
but I'm sure you are aware of the risks you have taken. Trust me, you're not the only one who has this kind of experience. old members must have had the same experience as you. I'm sure all bounty hunters are very familiar with the risks of participating in the bounty campaign. It all depends on us how we can minimize the risk. wish you success in the future. |
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