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101
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Alternate cryptocurrencies / Altcoin Discussion / Re: The goodness of long-term investing in cryptocurrency
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on: February 01, 2023, 08:00:37 AM
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When investing in cryptocurrency for the long term, it usually implies that even if you bought at the worst possible time and held for a very long time, you still made a profit each year. By simply holding long-term investments.
If you're talking about cryptocurrency in general, then I can say for sure that it doesn't work that way. Most altcoins, even if you hold them for a long time, will not increase their value, but on the contrary may decrease even more in price. For this reason, you should invest in time-tested coins and, first of all, in bitcoin. Not all altcoins will be suitable for long term investment because sometimes it can make loss, apart from Bitcoin investing in top coins like Ethereum and BNB being an alternative choice, The most important thing is to always do your research first. |
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102
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum drop gets me worried.
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on: January 31, 2023, 07:22:37 AM
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My worry right now is that, is it going to drop worst more than it has already and what are the chances of it pulling up within the shortest possible period?
In my opinion, besides bitcoin, ETH is the currency that is accepted by the free market with the largest adoption, it has formed almost a habit among most investors or even adoption. There is nothing to worry about in ETH. The current drop is in the cycle but it is short term. I think you should stop watching the price often and reduce the stress. What is your plan or strategy it will determine your status! Talking about Ethereum of course it is the best altcoin and there is no doubt about it, what you say i agree with the drop of Ethereum right now it's nothing to worry about, sooner or later Ethereum will return to normal and we'll see. |
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103
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Economy / Trading Discussion / Re: Your successes over the past 5 years
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on: January 30, 2023, 08:29:03 AM
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Your successes over the past five years: How well have you managed to increase the balance on your account during this time? Or have you lost everything? Tell me your story.
It's not just cryptocurrency that unites us all. We all became different after we learned about her, and went deeper into her knowledge. And now, even if someone is not very lucky to increase their deposit, then you probably have accumulated experience, and you can share it.
I admit the Crypto space has taken a lot of my time since I joined it in 2016, and that affected the other sides of my life, but I can't be regretful, simply because Crypto has given a great boost to my financial status. I can just tell you that I hold Bitcoin since it was below $1000, Ether below $50. In addition, I bought and sold many of the other assets. Despite the financial benefits, this space gave me a lot of life-changing lessons, whereas I tried the feelings of losing a lot of money, earning a lot, getting scammed, and knowing who to trust. People who were here at the end of 2017 know what I'm talking about. However, I think I need to learn more as this domain is in continuous development. There would really be sacrifices but i cant say it would be that a sacrifice considering that you are doing on whats for the best and you do know that you could potentially able to make money and this is why it is really just normal that you would really be that going into that path if you do really want to have that kind of situation which you would wish for.For those people who had been hovering around crypto for how many years and did still stay up even upto this moment which does mean that they do see some progress in related into their financial status which is something that would really be targeting in the first place. Its still not too late for those people who had just recently kicked in or do make out involvement into cryptospace on which there's still time for such making money or some profitable opportunity. I got into the crypto space in 2016 and I can say it has helped me a lot, but not as much as others who can make a lot of money. I took a break for a few years and then returned. My point is that if we haven't jumped into the crypto space way back five years ago, we are still starting from scratch right now, and it will take us another five years to gain the knowledge that we possess now. No matter how small or big our knowledge is, it is still of huge benefit to us as it opens an opportunity to earn profit. Both knowledge and skills are very important because they are valuable capital to enter into the crypto space, to get it I think we need to learn and it takes a process too, trading or investing in crypto is very complex so it is necessary to prepare a lot of things. |
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104
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Economy / Trading Discussion / Re: Is it safe to buy now?
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on: January 29, 2023, 04:21:26 PM
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I observed that the cryptocurrency market is a kind of green at the moment, but as a beginner, I still find it difficult to tell when the market is actually bullish. I will appreciate any advice from fellow community members concerning this current situation because I'm considering to buy some coins but finding it difficult to decide on which coin to give a trail.
Just a kind advice, the risk is mine.
the current price of cryptocurrencies according to my analysis is very cheap and very worth it to buy, moreover some of the altcoins that you can buy cheaply on Binance such as CKB, GALA, and Jasmy are altcoins which are fundamentally very good but are still very cheap, of course this is a good opportunity to buy it, and don't worry your money will be safe on Binance. |
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105
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Alternate cryptocurrencies / Altcoin Discussion / Re: The Future of NFT
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on: January 29, 2023, 10:57:28 AM
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The number of scam cases in the NFT project makes the NFT reputation decreases, especially since the 2022 DROP market is significant so that it makes it difficult for NFT to compete with other projects such as Metaverse, Web3, Defi and so on, this makes us have to always be aware of the market changes so that we must always monitor every day.
It's really unfortunate that the reputation of NFT can be said to have dropped drastically, besides that currently other projects are also trying to continue to grow and this makes NFT even more left behind, It is important to keep abreast of market developments. the concept of the NFT era for today is still not strong enough to meet the global situation. there are still many shortcomings and I think maybe in the coming year with the right balance it can definitely be implemented according to its function. yesterday's birth of NFT is still underdeveloped in concept for now I really agree with you that the concept of making NFTs for life is still very minimal, meaning that there is no use for NFTs in today's life, this has proven that many NFTs have no price, but for the future NFT is of course still very long, and maybe it will be useful for our lives, so we have to be patient if we want to enter NFT, of course this is the right time, but remember the risks are very big. |
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106
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [POLL] Will BNB crash? Will Binance go bankrupt?
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on: January 29, 2023, 04:35:42 AM
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in fact, CZ is not that stupid to say what could make Binance crash without the slightest consideration. how many times have we seen that Binance has really big problems, like hackers and so on. However, Binance is always responsible for its mistakes. besides, I also think that Binance is too big to go bankrupt right now. Binance becoming one of the most popular exchanges today is not just because of rumors, but because of the proof that they are truly professional. On top of that, the BNB price is currently holding steady at the $300 mark.
and in conclusion this is just FUD made to tarnish binance's reputation. But binance is stronger and won't be affected just because of such obscure FUD. withdrawals and deposits went well on my account and there have never been any problems. Binance is very popular right now and CZ won't be as easy to go bankrupt as it was with FTX. Binance is quite professional and cares about its users to keep them safe and not feel that their assets will be targeted. I think this kind of thing has often happened to Binance and it won't just bankrupt Binance, FUD won't make Binance weak so I'm not too worried about that, that is why many still believe in Binance. |
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107
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Economy / Economics / Re: In your country, today is money the real root of all evil?
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on: January 29, 2023, 03:34:00 AM
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Money causes a lot of negative emotions to many and it triggers a lot of negative attitude, and I can say that many proves that money is the root of all evil because they tend to fall on that trap and doing things that is not supposed to be. No matter where you came from, you can still fall into this trap so make sure to be more responsible and treat money as your partner to success and not on negative things.
Everywhere money is the big problem. When someone is in need of money they are into illegal and criminal activities. The root cause for money in most of the countries were the poverty. These days governments take adequate measures to protect people from poverty which have lowered the crime in different countries. Growing inflation is another reason which needs to be considered by the government. Creating job opportunities is another thing that needs more importance. Anyway compared to the past years more crime have decreased as a result of better governance and technology like surveillance all around. It's true that poverty is the beginning of problems that occur whether it's in cases of theft, murder or whatever it is, but not all of them are due to poverty, even so what we have to do is support the steps taken by the government to deal with this problem, for me actually the crime is increasing and it's really terrible. |
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108
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: BTC or altcoin
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on: January 28, 2023, 07:38:15 AM
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Bitcoin is a good option as there is no short-term or long-term risk. altcoins are a higher risk option including the top potential altcoins in the market that could all crash horribly like (Terra and FTX). I also don't deny that altcoins have huge growth potential but it's better not to put them all in one basket. Diversifying portfolio by combining btc and altcoins is the best way I've learned.
Even though Bitcoin is not that there is no risk at all and thinking like this is certainly wrong, Bitcoin or altcoins both have risks and are related to the long term, indeed Bitcoin is a good choice, every trader needs to diversify their portfolio and not just focus on one coin. |
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109
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Alternate cryptocurrencies / Altcoin Discussion / Re: why people are always interested in altcoins
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on: January 27, 2023, 08:55:01 AM
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and I want to ask everyone what is your for buying altcoins, is the reason the same as mine?
I think the simple reason for all the investments in altcoins has the same goal and nuance to find big profits with minimal funding. Bitcoin is no exception, but between a small and risky investment fund compared to a large investment fund with little risk. It is a choice or launch portfolio in the right way. Altcoins do have their own charm and investing there can generate profits, we have to choose the right altcoin and what we can do is one of them by doing research first, big or small risk depends on how we manage it. |
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110
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Excessive greed is detrimental to investment
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on: January 26, 2023, 08:47:57 AM
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there is nothing big to lose if we will only invest small amount I mean just a chicken part of our money and try out chances to buy something we can afford to lose though it isnt advisable to invest in shitcoin yet I knew that there are some of us who truly trusted those coin for sometime now.
Yes, When we invest what can be afford to loss then the investment turns to be risk free. Most of the time people turn greedy looking someone who have won big out of shitcoins and memecoins. We need to understand it is their luck that brought the profit and not the perfect prediction. indeed what you said, the only problem that matters is if the funds we tend to invest are the amount important to us , meaning some amount that we needed not today but maybe tomorrow or the next day but if we are going to invest the specific amount that we care nothing to lose? then the momentum will change even what kind of market we have here.. That's why it's important to use cold money in investing, Investment can be said to have a high risk, meaning that whenever we can lose money, when using cold money I think we are ready with this risk. |
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111
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Economy / Economics / Re: Is renting an inevitable waste of money?
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on: January 25, 2023, 08:41:36 AM
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The actual waste depends on the specifications of the apartment you are renting and comparing it to your income. So don't be too idealistic, at least you have to get a place to live with proper equipment according to daily needs.
Also, mortgages can be considered by following the traditions of generations of ancestors. It's not always a bad choice either, especially when you have children.
You have to be wise in that case so you don't waste it besides adjusting it with income, the most important thing is worth it and I think it's more than enough, but it all depends on the decision of each. |
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112
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Economy / Trading Discussion / Re: Bitcoin trading or Investing in the stock market
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on: January 24, 2023, 08:22:49 AM
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Which is the best? Trading on bitcoin or investing in the stock market? The battle between short period earning and long-term earning. Share your thought about it.
If I had to choose between those two, and if I had a lot of money, I would invest in both. But in my current situation and I am not a rich person, I would prefer bitcoin as my investment in terms of the long term. But if ever I have given a chance to I will also invest in stock market that's for sure. Since this has been my source of income for 6 years, somehow I have built myself here by having skills and knowledge about things related to bitcoin and cryptocurrency. Yes anyway we just need to adjust it depending on our preferences, everyone has a different decision there are people who prefer to invest in crypto and vice versa there are those who like to invest in stocks, the most important thing is always to do research and consider carefully. |
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113
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Alternate cryptocurrencies / Altcoin Discussion / Re: The Future of NFT
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on: January 23, 2023, 07:41:13 AM
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Other than bitcoin and ethereum, there are no long-term investment-worthy projects in the market. Have you tried looking at the entire market, including bitcoin and top altcoins? Are there any projects that didn't plummet? We are in crypto winter, don't ask NFT project to increase the price. NFT will survive or not, we should wait for the next bull season, we'll see, I can't say if you're right or I'm right at this point.
As I said, as long as it can be used for the hype, it will always survive on the market.
NFTs are still not recovering and reaching their former glory as it is too soon for this to happen, the recovery of bitcoin has been impressive but still its price is very far away from its previous all time high, but I am sure once the market is immersed in a bull market then NFTs, meme coins and all those projects which do well when traders are willing to speculate in almost every coin will do well, it is just that this is going to take a long period of time to materialize, but make no mistake it will eventually happen. The trend of NFT is currently down and it looks like it takes several factors to bring back the hype, slowly indeed the price of Bitcoin is rising again even though there is still a possibility to go back down, but at least with that I think it's good news. |
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114
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Alternate cryptocurrencies / Altcoin Discussion / Re: ETH & DOT
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on: January 22, 2023, 05:29:01 PM
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all your choices but personally I am more into ETH than DOT, because this year's eth will be better than last year according to my heart and I also started collecting ETH since last year hopefully in a bullish year I get the profit I expect
As for the DOT itself, I doubt that in the next bullish season it will be the same as the previous bullish, as we can see the dot value has not changed much
For some reason, many people compare ETH and DOT because a former ETH developer left for DOT. And the two projects have a huge difference in that Ethereum has huge capitalisation, a huge number of projects and great prospects. It is already a serious project. Polkadot is still just a shitcoin that doesn't know what it is. Polkadot is a shitcoin? did i hear it wrong? Polkadot is one of the best altcoins in my opinion, I guarantee that I'm not the only one who thinks that way, Polkadot is also in the top 20 coinmarketcap and of course that is a very extraordinary thing and you call it shitcoin? haha very funny you say like that. DOT is one of the potential altcoins to become an ETH Killer, and the fundamentals of DOT can't be questioned anymore, so why should you hesitate? go in and invest in DOT i am sure you will have fun later. |
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115
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Economy / Trading Discussion / Re: Is it safe to buy now?
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on: January 22, 2023, 04:27:09 PM
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in my view 2023 is very suitable to start investing in crypto currency,
seeing the very strong price of bitcoin above 20k makes me sure that this year will be the best investment year in crypto currency,
altcoin prices are also currently still very low cheap, and there is a high chance of achieving high profits in the future,
so I can guarantee that this is a very safe and right time to invest.
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116
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Economy / Economics / Re: A True Leader With Economic Vision.
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on: January 22, 2023, 04:52:08 AM
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I believe a good leader must be resilient so that he can bounce back from setbacks and failures and be able to uplift his team in downtime. he must be a good listener so that he can be able to know his fellow's thoughts and suggestions effectively. A good leader is also capable of effectively delegating tasks to his member and has a creative mind. A good leader also has strategic thinking making his team engage with different tasks effectively, able to plan for the long-term success of the team and be able to identify opportunities and anticipate future trends.
We find very few leaders these days - to me Bill gate - Musk - Steve jobs are great name and they are great leader to follow But with the passage of time these great names are vanishing and people are making their own set standard and vision The three leaders that you mentioned really need not be doubted and this is evident from their companies which have continued to grow to this day, something like that is certainly not easy and only certain people can do it, for me it's not a bad thing to set standards and visions yourself as long as they can be held accountable. |
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117
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Rank positions on CMC changes every bull market?
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on: January 22, 2023, 04:29:17 AM
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for now? yes no one can overtake Ethereum( Bitcoin is given that irreplaceable) but ETH? i have been watching the market and the coins and its usage and I wanna say that there are also other coins with much good function than Ethereum though this coin is backed by whales for now and being selected so there are no movement of taking place , but we don't know in the next couple of months as surely? there are many of those that will come across .
Indeed. There are many coins with strong fundamentals and they are also potential to have big market caps as Ethereum. But people seem still prefer to use Ethereum as their main assets, Ethereum has been proven for many years and no one doubt it. Although Ethereum looks like have no significant development lately, people believe Vitalik to keep Ethereum leading altcoins with some plans in the future. In the next 4 years, I believe no other altoins to overtake Ethereum. To stay high in the market trust is very important. Ethereum have got good trust among the cryptocurrency users. There is good development happening, if not it is impossible to keep up the position for long term. Maybe over time we expect more as the userbase and Market keeps widening amidst all sort of unpredicted move in the market. Yes, the trust of crypto users in Ethereum is still high and there is no need to doubt it, Ethereum is a long term asset and it will generate profits, obviously let's see further developments later. |
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118
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Alternate cryptocurrencies / Altcoin Discussion / Re: The Future of NFT
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on: January 21, 2023, 04:37:30 AM
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What do you guys think about the future of nft?
Many people think that nft is useless digital trash, but I have a different idea from them.
This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think
Honestly, NFTs are useless because they don't have any useful utility or use. But say it's dead, I don't think so because NFT is like memecoin, used to generate hype very well, so I believe it will continue to be the trend in the market in the next bull season. Investing in NFTs is no different from investing in shitcoins, once there is a profit, you should sell them, never thinking that they will bring a profit in the long run. Look at the hyped NFT projects in 2021, most of which have lost value and become useless. I also think that NFT is not for the long term and when we are profitable then sell it immediately, besides that the price of NFT also seems to have dropped dramatically, this indicates that the trend will not last long. Other than bitcoin and ethereum, there are no long-term investment-worthy projects in the market. Have you tried looking at the entire market, including bitcoin and top altcoins? Are there any projects that didn't plummet? We are in crypto winter, don't ask NFT project to increase the price. NFT will survive or not, we should wait for the next bull season, we'll see, I can't say if you're right or I'm right at this point. As I said, as long as it can be used for the hype, it will always survive on the market. Currently, it can be said that the market condition is still bearish even though we see coin prices on the market starting to rise, Under these conditions, of course, we cannot expect more from the NFT project, hope the bulls can come soon and let's see. |
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119
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Altcoins worth investing at dip
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on: January 20, 2023, 07:30:24 AM
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Buy the dips and keep dipping, -90% another -90%  , fomoiing/yoloing in the heart of millennials logic, rare seen this day flash drop happen, mostly slow drop to death and guys catching falling knife, hoping bounce soon and getting rekt by using high leverage and lot of liquidations makes dip getting deeper So the answer is clear? why need to buy altcoins when you can credit all to Bitcoin is that what you are saying here? Have been following this thread for months now and what I saw is just another one posting His shitcoin or those who does not truly understand the market and just telling what they think will climb tomorrow . Actually it depends on each individual's decision because buying altcoins is not a bad decision as long as they really do research before buying, for Bitcoin it is clear that there is no doubt because it is indeed very feasible for long-term investment, to diversify I think that's a good strategy. No doubt about the bitcoin but the OP was asking what altcoin is worth it, I'd say that only selected altcoins are really worth it to buy and hodl while the market is dipping, but shitcoins/memecoins? I doubt people can still get lucky about it because these whales are moving in an unexpected manner so there's more chance that you'll get losses than gains, moreover, it's not worth it in the first place because these coins doesn't have any utility. You can take your chance but be ready with the risk that you'll going to take. There are many investors / traders who are playing with such kind of investment and most of them are losing money. It's the timing and luck that will allow you to earn from shit/meme project, same deal with gambling you will wait if you will win or lose at the end. Better to invest with solid assets which have established usages and communities, once Bitcoin experienced huge pump expect those coins to experienced the same not totally all but most of them will. Everyone has their own choice but I think it is very important to minimize risk whether it's in trading or investing, on the other hand making decisions by taking risks is also good but still it needs to be considered first, investing in solid assets like top coins is a great choice. |
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120
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will BNB Coin Hit $300 Mark in 2023?
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on: January 19, 2023, 07:49:07 AM
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Well that didn't take long BNB coin was $314 next day after I made the post. But now we are back down to $290 per coin and is up only 2% in the last week.
Yesterday Binance announced the BNB chain burned $575 million worth BNB tokens. Since the introduction of Binance Evolution Proposal this is now 145,000 tokens they have burned so maybe this is reason for sudden price decrease.
Maybe that's the reason but overall I've never had any doubts about BNB, BNB is one of the top coins and worth long term investment, hoping to go up again but let's see what the move in the market will be like. |
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