You are right that risk management is important in trading but is mostly depends upon the person who is trading and know that how much can he loss and how much can he afford to loss. That is the point that risk management is very important in trading and keep calm yourself and keep patience as I say.
without risk management we could survive for long time , our balance could gonna zero only in single trade. some traders speculate their balance only in single trade in order to get huge profit in short periode, and for beginner it is not suggessted . Dont never imagine we will be rich man only in single trade and night , we will pass long journey to achieve it and learning patience will help us to realize it. |
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You can check DEGO, I think DEGO is a good NFT project and has a strong community, The trading volume is also quite large. The development team is also active. Besides DEGO you also need to check Vulcan Forged "PYR", this project is already supported by fiat payments
those project was great NFT project now , speciall for vulcan forged they developt not only one game but more. today i am trying to play their games that named as Coddle pets and starting to level up my dragon . by playing games that developt by vulcan forge project we can easily earn token and its really make us fun. crypto market will not be scary place anymore, we have another way to earn money but we still be happy by playing games. |
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My worst experience is forgot my private key and json file and stupid me i don't back up my important file in email. But after this case, i becoming be more carefull about all of my investment stuff.
it give us great lesson why every document from cryptocurrency market have to back up in safe place and not in single place,we must store it in several place. Its true experience teaches us many lessons. In the starting, we all make many mistakes because of a lack of experience. I also started Crypto in the year 2017 I also had several coins that rises beyond my expectations but I hold it and expecting more profit but things happen opposite to my expectations. Due to greed, I lost huge money of my profit that I can book If I exit at the right time but this is what I said the experience I gain that will help me in the future to decide when to exit.
experiences in crypto market really need expensive cost, loss in trading or due our mistake didn't back up private key be commoin mistake at that moment . But now when we have more knowledge this mistake should not repeated. |
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Then the 1% of your total is in plain cash?
You're right that most probably have the same situation and invested majority in crypto. But to mind you guys, you have to diversify into other investments but it's your choice if you like it into another altcoin.
Although it's better if you'll be putting that in other investment instruments like real estate, gold or any other that's not in the form of crypto.
It is very unexpected if you risk 99% crypto assets of the total assets you own, although you can withdraw crypto assets at any time but at least you need 20% for cash due to pandemic conditions in some countries then you have to hold assets partially in cash or gold. its not adviced to invest our money cryptocurrency with high portion, just remember this market consist of high risk that maybe we never imagine when market suddenly crash and going bad. our crypto assets value could left 5% only when it happen , our mental and psychology will not ready to face it. Dont put our money too much in this market , it is as investment not as speculation. 20% from our money is enough and it could give us mulitple gains when market have good trend. |
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For now, we don't know whether this recovery means that the correction period is over and the reversal period is over, or whether this recovery is pseudo, so the price may fall again. I think if this recovery is real then eth can form a new peak, and $6k I think is a logical price
if we pull a line from peak price and then down to around $28900 maybe current bullish only correction or temporary recovery and possible to down and make new low. it is if we talk technically , but fundamentally everything strong now and on chain analisys also good number at non exchange wallet. Alot wallet accumulate bitcoin when its price down. $6 K was acceptable but not happen in near time , maybe when altaseason comeback it could realized. |
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Well, when I make transactions or transfer assets from several exchanges, of course I will think about the cheapest and fastest fees in conducting transactions so that the costs we incur are quite small, and of course I also often use tron to make transactions there because the fees are low compared with others but still each chain has its own character and not everyone here also only uses 1 chain to make transactions.
no doubt tron chain have cheap fee to tranfer assest from crpto exchanges to other wallet , people use usdt especilly trc 20 due its benefit in fee. every traders want to save their money by using cheapest assets to tranfer and its very normal for use because earning money in crypto was difficult so we have to care about it. |
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But if I understood everything correctly the London update is not supposed to improve scalability. I think that is what most people are waiting for, low transaction fees. That is supposed to be done with the next update, but that one will be far in the future. As far as I know Vitalik Buterin said that is not going to happen before late 2022. As he is conservative usually with his deadlines, I hope an update that improves scalability will come even earlier.
sharding in ethereum blockchain will needed to make low transaction fee, if there is no update about it i think gas fee will still the same with previous fee and there is no significant reduce except from network traffic that decrease. Transaction fee still be main concern for ethereum core developers to take back the position on number project that launched in this platform. |
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NFT really has amazing run in this pas few months and I did have no idea about just how much of the NFT economy was really powering and driving at this time is absolutely phenomenal to see that level of growth. For the next bubble of NFT, i will pick VulcanForged(PYR) for the hidden gems, this project managed by Irfan few months ago and when the project can keep they promise i think this the first step of the amazing future for the project and PYR game is very hype to and already listed on Kucoin and in this past few weeks the volume of trading is increasing very high.
Vulcan forged could be the next AXIE and even could be more , so far i know vulcan forged developt more than 10 NFT games with play to earn concept. There is no project as aggresive with Vulcan forged, with alot team developer and make collaboration with other project soon or later will explode and maybe some people will be late to involved in this project. I see current NFT developers that know how to create their value. With the application to the digitization of real items, it is not easy for me outside of transactions with a huge amount of money. But the current NFT game is creating a great attraction, looking at AXS recently to see that fever, in my opinion this trend will be the main focus in the near future.
NFT game will really explode now when alot gamers outside crypto market realized and know there are legit games to earn money. AXIE trend still be early trend for NFT game , next quarter or year we will see more hype and interest to this kind projects. |
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I heard about shiba inu 2 months ago i think wanted to go in on it like 200-250$ when it was really low.I think it now 100x.Huge pumps on this stupid coins like safemoon and those stuff.Its like a new thing
it is crypto market , no one know what happen to market . Even shitcoin which is have no utility and ecosystem in market could pumped more than 10x only in short time , and beat the project that build solution in this market. thinking instant profit by follow pump and dumped project now be the investors priority I really don't like the so-called GEM in this market, most of these coins have low market capitalization and transaction volume and are fomo by many people until more people know they will dump it for us.
it is not hidden gem but truely as speculation asset which is shilled to everyone and dump will occur soon when whales thinking enough for profits. not all low market cap could called as gem , we still must analize several points to prove it. |
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Agree! Most of the investor/trader want to wait untill the market crash or want to buy in the lowest price but sometimes you will miss the train if you wait too long. So my method is keep buying no matter what the price it is, when i got salary i always spend it to buy some alts or bitcoin.
It's not good to wait too long to buy because the market and coins never wait for traders to buy them, coins will always move as long as the volume and demand is always high in a matter of days, so a strategy like yours can be very useful too. dont hurry with price movement that rise in few days ago , better to wait it as valid growth or only bull trap. Many traders getting rekt due this reason , when looking price rising suddenly be panic and buying everything without doing proper analize. we must able to identity temporary demand or permanent demand by looking global sentiment that happen in market now. |
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I don't participate in shitcoins like that because it will only make my assets trapped and lost there, I prefer to buy coins that have real potential and can provide a profit, even though the price movement is very slow it's not a problem, bitcoin will still be the best and I will support by buying as much as I can for long term investment.
you have your own risk management to in which project will involved or not. buying coin that build reall utility will make the coins value naturally growth not flash pump that common happen in shitproject. We've see many meme coins hardly pumped in market and hardly drop too so many traders rekt. We should not trapped in this condition due there are alot better quality in this market. |
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People panic sell any time there is dip because till now people trade with emotions and sentiment more than the belief in crypto and what it will be in future, and the funniest thing is if people don't panic sell the price will not be greatly affected and the everyone will be happy with the price, since it is not possible to control what other people do, everyone is free to do as they want, the action will affect the market and the price will suffer the consequences.
most of them use their emotion not their knowledge to face any condition in market, when bearish or dumped occur emotion will come first and could not think clearly what actually happen to market. Our action in market will have influence to market movement , big or small impact will always happen to price if we realized it. |
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After the news about Amazon want to accept bitcoin it very give all of the comunity fresh air to breath, it always be nice seeing good news like that after the bloodbath. After this news it make me more confidence BTC and any other coins can rise like previous year.
Obviously, I also feel happy because of the news, so the price of BTC is now starting to approach $40K again and I am very sure that in the near future the price of BTC will approach $60K again if some big companies are willing to accept BTC. we need official statement to make sure it is not fake news to pump bitcoin price. This source only from insider which is could be wrong or media just create this news to manipulate market. But if Amazon confirm it , real adoption for bitcoin or other coins could started in big space. Demand will created which is come from amazon customer. |
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i think NFT developtment still have long journey , this is still the beginning of NFT trend which is alot feature now dvelopted in NFT projects. Recently i see NFT gaming play to earn be new hype in market AXIE pumped alot due of this. Investor need to follow the market direction where it will moved, we've see DEFI and DEX project and now should be NFT gaming turn to booming..
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we've heard a lot of predictions saying BTC will pass $60k by the end of this year and I believe it. I believe Bitcoin will cross $100k before this year ends.
$100K for Bitcoin seems too big to reach in the near future even though a coin like Bitcoin has a very good chance of that, but we also have to see what the current price is so that it can accumulate a bit for the price that BTC is logically achievable. it is predicted by many expert this year bitcoin will touch new record on 100k, nothing impossible in crypto market when market decided to pump bitcoin or other cryptocurrency. just like axie that pumped from around 15$ to above 45$ . it is good sign bitcoin could move above 38k again this week. if majority if investors were strong hand it could realized , but if most of them were paperhand maybe this year will ranging in limited area. good news need to maintain in crypto market in order to increase market confidence so investors will comfortable to hold bitcoin or other cryptocurrency. |
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The hype about this trend is over, and it's time for it to come into play and be more applied in the field. Currently I see the trend of 'play to earn' is attracting many people back to the market. Personally, I think this is still a very small thing to exploit the great potential of NFT.
Play to earn scheme was brilliant ide for nft gaming , traders and investors will have alot choice to growth their money by investing in this project. This concept also will attract new buyer from gamers outside crypto market which is actually give them alot opportunity. First from reward play to earn , staking and also if game maniac could used it as content in their social media channel such as youtube. there are alot subject that could explore in NFT project. |
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BNB have risen to $300 a recovery that came after the lowest price since April 2021, the Binance smart chain is the craze of the day with binance coin as the fuel of the binance smart chain. as a utility token it has great chances of price reaching $1000 and even above, most of the swap processing are all through smart-chain which BNB is the fees just like the ethereum blockchain.
BNB is trying to maintain $300 range which is good sign, their is a chance to boost up the price. Another big surprise is waiting for BNB holders? Could be possible. I'm interested in or at least willing to bite my last bite, however everything depends how much cash I can manage. if bitcoin price could maintain above $34800 it possible to continue bull run till atleast $41k. And another way to drive bnb price isIEO that need this coins as term to participate. Based on IEO history,bnb price will soar till IEO snapshot done . This is way very effective to maintain price. $300 was good sign for us and it possible to get more. |
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16000$ is a fairly large amount of money, and your decision to divide it into 3 types of coins is the right thing, my advice is ETH and BNB, one more altcoins please choose yourself, because there are so many potential altcoins on the market
I think even if others are suggesting with different coins to invest, it will be much better if you DYOR on your own and after a deep and long research and analysis, i know you will come up with your own top coins to invest. Investing in altcoins is profitable if you have invested on the top coins with high potentials but if you have chosen those meme coins, i don't think you will have a future on it. To be more practical, invest first on bitcoin and i know you will always be on the right track. i do agree , some traders maybe shill their project to attract buyer so price will move higher. But if we research and analize by our self, we will know which project is the best and have lower risk in future. $16000 was huge amount and impossible for us invest in project which is analized other and not by our self. we could not improve our knowledge and skills about crypto market |
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if all investors in cryptocurrency market was expert maybe we could see active immune system to prevent centralization from single man or country. Unfortunately we still need influencer to shill and spread about crypto project. they give huge impact to market volatility , especially if come from billionare. cryptocurrency market truely not centralized since its easy to manipulate by whales, if decentralized system every person have their own stand and independence from any fud.
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Those who waited dogecoin price to go below 20 cents - what is your tactics right now? Are you buying more coins right now, as the price looks sweet, holding your coins or selling in a rush? Community havent heard much from Elon about dogecoin (or he has lost interest in it), or does not react like they used to. Without support of community or people that can really influence the price, dogecoin is falling down to where it was. Its price can not be supported with enthusiasts only. I think that we will see the continuation of a price till another major Bitcoin price growth.
now , current rate dogecoin slowly recovered when bitcoin rise naturally. Elon musk confirm that he has bitcoin and dogecoin , is it could be good sign for doge in future ? will tesla or spacex really will accept doge as payment ? As old cryptocurrency , doge coin has strong and solid community ever. Since beginning when expert said doge as joke project and underestimate on it , time prove it could still survive. And dont ever we repeat the same mistake by underestimate about doge coin future . It's just a normal reaction because bitcoin has recovered a bit, but if you look at the increase, it's just a small percentage compared to what we saw during the last bull run, I trust crypto but this time, I think it's just a bull trap, and we should be careful in making a decision to ride the hype. bull trap or something else need carefully in uncertain market. But don't forget even in this condition some coins could show good performance. and back to doge price, now the standard or normal price for doge have been changed now. under $0,17 taken as best entry level for some traders, price could make small bounce when hit it. Now doge price depend on bitcoin movement and shilling from elon if want to see extreme volatility again. |
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