Is this a risky move?
Every decision in crypto will always require a risk at least. And how high the risks will depend on the decision itself. Fortunately, you put your money in BTC in which is likely the most valuable crypto at all. I persoanlly a fan of Bitcoin, but telling the truth, not putting all into Bitcoin, still having some altcoins (mostly top coins)in order to take profit in short term. If you are willing to still hold, I personally will take some profits in several stages or at least before thebullish time will sell mroe than 50% of the assets. And then take or buy again in the next bearish market to hold for long term period.
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Almost everything is red and this is likely a dip in the crypto market. Well, no need to panic because it seems often happen during this bullrun market. Everything can change overnight and will also probably increase in the next hours. So, you are right, time to convert my USDT to some of potential coins that are mostly for taking profits shortly. Sometimes, dump and pump are needed to earn profits from scalping and also shrot trading
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This coin is indeed not for a long term investment. So far, I only buy and take profit from Doge coin, utilizing this hype but only for scalping. I also do agree with you that I will not hold this coin because it is as what you said at all. I am wondering if this coin has reached its higher price in $1 as what people say, what will happen again to this. Probably when those billionaires have been bored and have been taking very big amount of profits, they will throw away and let us the small people to feel depressed of it? Hahaha
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Current number of post (Including this one): 912 Erc20 address: 0x4639a8b4990Bc68a4149FEb71Df8370f18DFafB1
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SO, this is one of the reasons why SXP price increases significantly. the existence of burning tokens really gives certain influences to the supply, moreover to the price. commonly there will be a certain increase, normally. But, of course, it will also depend on the fundamentals and also project itself. If they are not considered as shitcoins, they will have more and more chances to grow again and again.
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We may not able to determine because there may be no certain or specific research about these. Moreover, many people that are involved in cryptos are also anonymous and they don't tell each other about their investment. And bout success, what kind of success are they? Everybody's success may be different from others. So, what kind of success definition it is? I personally don't pay attention to how the percentage of people succeed o crypto, but how many more people, institutions, and companies are involved and entering the crypto.
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Unfortunately, in fact, it can be, it can be hacked. I am not spreading the FUD, but hacking is very usual moreover in online. However, there are also some triggers why our wallet may be hacked by somebody and our assets are lost. Some may be: - Exchanges hacked, these several times happen and saving Bitcoin in an exchange wallet is very risky, moreover if it is for long term. - Saving on an online wallet - Or saving on a hardware wallet but somebody may know the keys. That si why always secure and also private our data for the wallet
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Is this too early to conclude this? We know how much BTC the first time it was released. BTC is likely worthless and nobody wanted this coin. But now, the value is being increased so powerfully and highly. This is like from Zero to Hero for Bitcoin. And I don't think to compare Doge with BTC, it is too far away.
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China probably is one of the big countries with many influences to the world. But, taking over the world with their digital currency. I don't think it can be. For, this is the world and many people are here involved. Moreover, the US will not probably allow it and there will be economic or financial wars between the two and also other developed countries around the world. And we as common person just watch and see what will happen.
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3 years ago, Bitcoin price was very low. You must be very grateful to get that high profits. Many people may also have this legit experience of getting high profits from holding the BTC. That is the power of BTC, whoever being patient and trusts BTC, will harvest the legit results. Unfortunately, I only have a very small amount. But no problem I am also still thankful enough
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Is there any link to that? ANd how to determine when Tesla is no profitable automaker industry? Do the profits only take count from how many Tesla that was sold? Well, I am sure enough if tesla actually has enough profits. however, we don't know because we don't know the aim of the activities. And about Tesla buying Bitcoin. This may become one of the strategy before bearish down
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This kind of comparison will always stay as long as the top re still ongoing. However never, it may also depend on the treaty and also fund management. Nowadays, many traders from stocks are coming into cryptoruccery. This is because of the very high price volatile because i, it can give them bad impact old
But here, what's about the shitcoints that are used to be very hype and then attract so many people playing that gambling casino both online and hoffline??
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At that rate, if we get around 0.001BTC, then today either the rate or the amount of BTC is the same. It's just that if it is converted to fiat or USDT, then we will find out how big the nominal value of the BTC is. If you intend to hold on for a while longer, you won't get profits yet. But if you sell it for example to USDT, of course this will happen more, Especially someone with very strong fundamentals who can only hold strong coins. This was just the start of leaving the board and get some much money from that BTC profits so far.
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Wordings become one fo the things thatmust be considered. As we know that scammers may be very carefull in chooisng the porjects, resemble to the project,a dn also make itlilley real. However if this so, can be make it as one of the signs to avoid scam.
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Why comparing or relating Bitcoin with DOGE? Is this because Doge is now very hype and booming because of the very influential person in the world? I don't think that it is. Doge is up because of the pumps done by several aprties. And then it will drop again without any pump tweets again. Many people are being hyped about this coin. And actually, I personally don't hate Doge, but only share my point of view. There are still many coins or top tokens that can do it much better
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Should I believe in that Tiktok user? Haha of course not. Bitcoin has big communities, holders, investors, traders, and others. Bitcoin is the king of cryptocurrency and even the founder is revealed, he or they cannot control BTC that is now circulating in the market. And moreover, we cannot reveal who is Satoshi and we will not believe that someone is Satoshi.
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If the country banned Bitcoin and also crypto, it may make sense that every bank revealed that the money comes from exchanges or crypto selling, they can close the account. However it commonly based on the initial announcement, the user commonly accepts the notification. But about the money is back or not it may depend n the faults and also mistakes. however, the rule is a rule that should be utilized during this time.
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Trading is not about buying low and selling high because we cannot guarantee how low and how high the price may happen in the future. however, we can see and also analyze the charts, in which it commonly can lead us to have better result of the chart analysis. It is also based on the fundamentals of the coins and also good news of the team to make the projects progressing more and much better. In this case, we can see how the trader can not only buying in low but buying at the right time and also sell at the right time.
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One to remember: Never believe in RUMORs, or even spread it. Rumour may be always a rumor, not changing. 'It is better to spread the information officially from the sources and also the related parties, not based on rumors from somebody to else or from twitter without any proves. Well, about Facebook itself, maybe they will. But how is it about their Libra?
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I'm not sure If it goes below $40,000 but chances are always there.
Yes, I think the same as you. The current price is about $54,000 and looks like too far if we predict to drop below $40,000. But nothing impossible, there is always a chance to drop at that price. However, if there is no bad news or negative issues about Bitcoin or crypto, I think the price of Bitcoin will survive above $45,000. In the last few weeks, the corrections in Bitcoin price didn't move very significantly. CMIIW
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