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very easy, my advice is you can buy altcoins that are indeed strong based on their fundamentals and liquidity, such as Ethereum, Solana, and Matic, we can take an example, when yesterday Solana was reported as bad news, of course it would create panic, and what happened? SOL only experienced a decrease of no more than 10%, this is the importance of liquidity in the market, but if you buy a coin that does not have liquidity, then after bad news comes the coin will be completely dumped to the bottom.
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Of course, the hope for bitcoin is that it will be more and more adopted by large institutions and other countries can legalize bitcoin so that people are not afraid to violate government rules. Although many countries do not yet have clear provisions regarding bitcoin. But I'm sure as time goes by many other countries will imitate El Salvador to legalize bitcoin because so far what El Salvador has implemented has made several countries try to legalize bitcoin in their country.
Unfortunately after the price dropped from $40k to its current position there is no more positive news about the country opening a tender to legalize bitcoin, maybe they are waiting for a good moment and give an announcement after the price returns to $40k. to return to $40k I am very sure that Bitcoin will be difficult to reach $40k in this short term, Bitcoin sentiment is still very risky to dump again, moreover interest rates in the US have also gone up, this will make people keep it in real assets, I don't know if people think that Bitcoin is a safe heaven asset, then I believe bitcoin will go to $ 40k |
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To me both look good, investing in gold first or BTC later, but I'm confused by the current market conditions especially in terms of ROI, who is the fastest to move on?
investing in Bitcoin in my opinion is more risky than gold, and I do recommend 30% in Bitcoin and 70% in Gold, because Bitcoin in my opinion is still very worthy of long-term investment, but indeed we must minimize the risk |
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Panic selling of course there are 2 things that usually happen, namely prices skyrocket or vice versa the price goes to the floor, usually I also often panic to sell when I see prices skyrocket more than 15% as happened with ETC a few days ago, if I am patient then I can profit bigger.
buying coin when the price has gone up 15% I think it's very risky, and indeed it can also make a trader panic buy, I myself experienced that, and really messed up, because when you buy the price will go down, and of course panic sell will happen too |
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we have entered the bearish season 2022/2023, of course volatility in altcoins will also be higher, Pump and Dump will occur,
because altcoins will follow the movement of Bitcoin prices, now my advice is that you buy altcoins with strong fundamentals,
such as Ocean, HIVE or even CTK, on Binance they have a great way, buy and hold.
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I invested in ethereum when it was $700 in 2020 and in 2021 when it was $4000 I sold it. I just bought again now that the value has reduced. I still trust that it will increase rapidly soon.
There is no doubt that Ethereum is one of the solid cryptocurrencies in the market second to Bitcoin. It is a no-brainer to invest in it in this bear market. Anyway, don't you have a plan to diversify, adding another solid crypto to your portfolio? I think BNB has the potential to go up in price when the market recovers. So what do you think? Ethereum and BNB are the top two altcoins which there is no doubt about, i don't think we need to waste time because when this is a bear market where the coin price is going down this is a good time to buy it, both coins are very good for long term investment so if you buy it and hold it it will be profitable |
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~snip~ Do you think Polygon (MATIC) will reach $20 within a year from now? If not, why? What are your predictions for this cryptocurrency? Your input will be greatly appreciated. Thank you very much.  If you look at the growth of the ecosystem which is increasing every year, it is likely that MATIC prices can reach that level, but to get there I think it will take a little longer for Matic, maybe around 2 - 3 years, although basically the Matic project is currently developing but while we are still in a bear market, so there is nothing to move the price towards the $20 level any time soon, hopefully the market will recover soon and we will see some pumping done by the MATIC coin. Maybe it is not possible to reach $20 for Matic . Matic supply is 10 Billion token if this coin reach 200 Billion usd of marketcap will be reach . where the present Ethereum marketcap only $132B and BNB Marketcap only $36B . here how to possible for Matic to reach $200B ? the future is still a mystery, moreover Matic's journey is still very long, but we can conclude, the price of $20 for Matic does look expensive and like a dream, but all can be achieved if Matic is in the top 3 coinmarketcap |
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$30000 is a very big amount of money, of course an altcoin with good fundamentals like Solana deserves to be invested there,
especially when the price is low, then you will get more coins, and holding for the long term will be very profitable
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if you don't want to take the risk, then wait for Bitcoin to reach $17k, because judging by the TA support from Bitcoin is there,
but if you are impatient and want to buy it at a price of $19k I suggest buying in stages, because it's a good strategy for minimizing risk.
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I am 100% sure and I agree that the Bottom is at a price of $17k to $19k,
because it has been proven that the current Bitcoin price is also increasing,
there is a possibility this month Bitcoin can reach $30k again, so don't miss this bullish.
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June has just ended, and we know June is having a bad time, because June is a DUMP,
for cryptocurrencies even the stock market, there is nothing we can do but let it go,
July is a good month, I believe July will be a Pump for currencies crypto, so cheer up!
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For now, Ethereum is still said to be a very good project, since XRP has had problems with the SEC,
Ethereum has become one of the altcoins that can last at number 2 coin market cap for a long time,
yes, there are no enemies anymore, but we have to be careful in the bear market there is already 1 sacrifice,
yes! that is LUNA .
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in a bear market like today it is very unfortunate if you decide not to buy top altcoins, even though the price of altcoins is also currently experiencing a dump, of course this is a good opportunity to buy it when the price is low, don't turn it upside down, buy when it's expensive and sell it when it's cheap ha ha  |
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About new cryptocurrencies what interests you most in an ICO? What strengths and weaknesses in the ICO? And what values do you as an investor observe before acquiring a crypto asset before its launch?
What interest me the most are Ventures Capital backing it because it only mean that the project has a huge startup funds to operate besides the additional funds coming from IDO/ICO, Most of the project that has good VC usually turns ito good outcome because they have enough resources to use for the project development and marketing at the same time. Startup project that solely relying on IDO funds usually died after a year since the operating cost and exchange listing is too much for them to handle while they are liquidating thre tokens to use as operational funds which always results to price dump of tokens up to the point that its already worthless. Luna was once a project backed by large funds, including the famous investment fund finance. But things still don't go as we thought and Luna still falls even the way luna falls faster than shitcoin. All for reference only, there is no guarantee that the project approved by a large fund will not be a scam. That's true and things like that must be considered because in reality no one can really guarantee, before of course we all never thought Luna would fall and become like this, maybe no one predicts it so we must always be careful |
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Global Economic Recession certainly makes many difficult things and the fastest impact is that investors will sell cryptocurrencies, although profit opportunities are very high but investors really need cash for many needs and when recession occurs, automatically makes the market red automatically.
The current global economic condition is really not doing well and seeing conditions like this is certainly not an easy thing either. not only the crypto market but other markets will also turn red due to the recession, hope the global economy returns to normal and this will take time |
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all altcoin prices always follow Bitcoin, this is why many people and traders advise to be careful with Altcoins,
because if Bitcoin falls, the altcoins will fall even more, this has been a tradition for a long time,
so we have to keep that in mind, so that we can avoid that,
of course there are some strategies that we must learn first when trading.
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Binance has proven that it is only Binance that in my opinion really has a good performance,
and it is proven that currently Binance is also partnering with Cristiano Ronaldo to develop NFTs,
this is certainly not a trivial thing, but it is a big thing for Binance!
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Look at Eth/Btc Chart. looks like it has found the bottom. i see a clear uptrend towards 0.08. In this case alts can be pumped too. so keep your eye on At Altcoins. This could bebthe start of a relief rally. but i dont think so that will be oump towards ATH. expecting just a relief rally only.  if you look at the ETH/BTC pair, I think there is a chance for an increase, because Ethereum is still in strong support. but indeed right now if you understand the chart you will know that now ETH-BTC is also in the resistance zone, and if 0.057 breaks, then we will see 0.067 even 0.07, once that happens, of course there will be a potential pump for other altcoins |
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