Sometimes a person or almost most people want to take advantage quickly. That’s the basis of human nature, so it has to look for other altcoin alternatives to meet the profit standards in investing. Sometimes at certain moments the coin will move long to rise or to descend. In this position, sometimes we have to have an alternative basket of coins and not put all the eggs in one basket.
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It is very difficult to implement "Don't buy what you can't hodl". in reality many of us are impatient with a long time, where this long time is a condition to invest and a condition for profit. So it is not maximal in gaining profit. I think there's been a lot of investors understand about this. But sometimes there are those who panic to sell when the price goes down. Maybe it's happening for beginner investors. Don't expect to profit or wealth from crypto if panicked.
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Investing in crypto is very risky to lose and very prone to fraud. But I do not know if the project that you have analyzed is good and will provide benefits in the future. Since there are many new projects emerging at the moment, it is very difficult to judge them because it is too early. But one thing you have to really know about the team, don't let them be fake teams. It is you who should research more about the project before investing.
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We know very little of the many coins that exist in the crypto industry and those on the exchange, because we only fully believe in potential coins. But not a few trader sare also utilizing unpopular coins for their profit in the short term. Like the pump group in the telegram. They sometimes announce coins that are not famous for pumping. But I think it’s very risky for someone’s financials. In the end, trading in potential coins is better to minimize the risk of loss.
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No one can predict that exactly. Even a trade expert can make the mistake of predicting. Because nevertheless, what determines the rise and fall bitcoin price is demand and supply. So let the market determine where bitcoin is going now, after some time of sideaway. We just have to prepare to buy back bitcoin if it's going to get any lower at price. Setting a target to enter from this moment I think is good, because we never know, if after this bitcoin is going to a new ATH.
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Many countries use bitcoin as a means of payment, because if you want to make bitcoin an instrument of a country's currency, it is still too early, because the presence of bitcoin in this world is still relatively new. Most countries use bitcoin as an alternative instrument of payment and as an investment instrument. Bitcoin doesn't seem to have been able to beat fiat currencies that were hundreds or even thousands of years ago. Bitcoin's journey is still long
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It's a lot of projects resulting from bounty projects. Sometimes I keep them for a while, but when they do pumping I don't immediately sell them and wait for the price to get higher. But indeed we can't predict what will happen in the coming days. I am late selling tokens from a bounty project that I joined a few years ago. Now the coin has no value. It turns out that the team did a fake pumping to do the coin disposal they had.
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Taking advantage of opportunities when bitcoin is sideways, this is a good idea too. Because I’ve seen these two weeks of altcoins go green because bitcoin has given the altcoin that opportunity. And this repetition has happened many times in bitcoin history. If you can take chances and have smart strategies, it can give you an advantage. You can even take advantage of both. From bitcoin and from altcoins.
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But behind that, when many large companies invest as it is today, then bitcoin is increasingly popular and its adoption is increasingly mass. many people are benefiting from bitcoin’s rise now, including you, if you invest as well. Therefore, also the demand is getting higher. Every individual or large company and anyone may invest in bitcoin to benefit from it. Satoshi indeed created bitcoin as a digital currency, but is now more developed as an investment instrument. So there’s no need to worry if a big company or whoever it is dumps their bitcoins. They’ll buy back.
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Cryptocurrency payments are becoming increasingly common in everyday purchases. Because they have adopted it en masse, if almost all countries provide crypto payments for restaurants. But unfortunately few countries accept crypto payments for fast food restaurants. Including in my country also it does not exist. But in Venezuela fast food restaurants Burger King already uses payment options with cryptocurrencies.
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Trading differs from investing, but from both we can make a profit. It’s just that the most striking differences lie in the timeframe, the principles and strategies are also different. It hides many opportunities for trading activities and crypto investments, but that should not be a reason to jump into the crypto market quickly. Crypto trading can give you huge earnings in minutes, days, and even weeks, but you can also lose everything in seconds due to the volatility. So generally you can earn either from trading or investing, as long as you have mastered it.
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For ethereum holders, perhaps expect ethereum to have the highest price possible. But if it were to reach the price of 11 trillion, it looks like it's too far from the current price. Maybe in the future it can. But still not sure. I would probably imagine ethereum at $4k, maybe that's the closest first and more rational. But no one can predict the price movement of cryptocurrencies
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Yeah, all this time I use electrum mobile version and desktop wallet. For shipping costs are not too expensive and we can arrange it in such a way as we wish. In addition, I also use Mycelium which is available for android and IOS users. In my opinion, Mycelium is one of the best bitcoin wallets.
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Basically the movement of the cryptocurrency market is very difficult to predict. I see bitcoin is sideways and doesn’t drop its price too deeply, it’s great for altcoins. where all altcoins always follow the movement of bitcoin. The declining state of the altcoin will now recover quickly if bitcoin strengthens again and stabilizes. If you believe and can predict the movement of bitcoin’s direction, you will not be wrong in decision. For now, only you can decide, because this is entirely about the money you manage.
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Of course, of the many altcoins out there, they still can’t replace bitcoin. Especially when comparing it with EURO. That’s impossible. Bitcoin alone cannot replace the euro whose adoption has been very mass. And to date there has been no altcoin that can beat ethereum. So most altcoins are just to create profits for their developers. We have to admit that. It’s the business world.
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Ethereum has always followed bitcoin where it goes, but it certainly isn’t always so. If that’s true that ETH outperforms BTC then switching ownership of bitcoin to ethereum at the moment is a decision you’re already responsible for. If you look at ethereum which is very bullish at the moment, it might be appropriate if you switch it as it is now because it is being corrected, where bitcoin is also currently in decline to $30k. Or you can wait until the price of ethereum continues to correct. All your decisions are decisive.
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In the business world competition is natural. As in the crypto industry, where all altcoins also compete to be the best in order to get a lot of attention from traders and investors. Polkadot is currently competing with ethereum technology. However, ethereum is still in the top position and at the moment it may be difficult to rival ethereum and replace the ethereum position for polkadot. Polkadot still needs a long journey to build a community as strong as ethereum community.
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