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The more time you spend researching a project, the more likely you are to find information about the quality of the project, and all your verification methods are working, always follow them before risking your investment. You also need to subscribe to all news sources to stay up to date with the latest news about the project, so you can also stumble upon people’s suspicions about a scam.
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Twitter and telegram is really a good source of new memes on crypto but its too hard to trust memes this days be very careful theres a lot of honeypot memes on crypto If you are a meme hunter then you what it means. I find new memes on SOLANA chains almost every hour but too risky to buy them incase you cant sell or devs dump on your face. I just continue to accumulate well known memes like shib and bonk rather than buy new ones and crash later.
yes, Solana reminds me of the Ethereum network some time ago when many new projects launched their altcoins. and now on the Solana network, it is also happening like that. lots of memecoins suddenly pump and fall. If anyone believes in the memecoin of their choice, it's better to be careful in choosing. Limit yourself from being tempted into larger purchases. This process of quickly pumping up coins can really appeal to many beginners, easy money is the dream of many, and many in euphoria forget that this process can lead to a sad ending. Meme tokens cannot attract more interest, except for promises of rapid development, this is a frivolous approach in the cryptocurrency industry, I want to believe that the future lies in technology, and not in candy wrappers, which depreciate very quickly. |
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The bullish growth of cryptocurrencies attracts a lot of attention, it is difficult not to notice such an even, this is a hot topic for discussion and analysis. The volatility and unpredictability of the cryptocurrency market allows it to become more and more interesting to new people. After the holidays, we will see in which direction the market will move and what mood we will encounter.
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Sometimes there are too many people who using the network which can make it slow and expensive. This can make it difficult to use the coins we like. So it is a good idea to look for other coins that can work better in these situations. When we have a lot of people who using the network and it becomes slow and little expensive we need to think about using different coins. Some coins like Ethereum Binance Coin and Cardano have strong and scalable networks they can handle a lot of transactions. These coins are good choices when the network is busy.
Ethereum also have higher fee so we can skip this others are better.
And it is an individual decision that which network you are using or should use. Because every network has its own benefits.
Network congestion and high transaction fees occur at the most inopportune moments, when the economic situation for trading becomes very favorable. In my practice, there were cases when I had to spend money on commissions with pain in my soul. This is a serious issue when using certain cryptocurrencies and has led many users to look for alternatives for smoother and more cost-effective transactions. |
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The connection between Bitcoin and altcoins is a connection that many have tried to break, but all attempts have been unsuccessful, how long this connection will last is unknown, so for now it should be treated as par for the course. If Bitcoin rises or falls, it can only mean one thing - the cryptocurrency market has begun to move.
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The struggle between regulators and decentralized exchanges (DEX) is very tricky, but the end is not coming soon, the situation should not change next year. This complex process of prohibition will be accompanied by small attempts by the government to change the legal framework. The lack of a central authority or server makes it difficult for governments to shut them down completely.
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Dividing your investments is the right choice in any situation, this is the basis, you don’t need to rely on just one thing, this way you have a better chance of winning. Your list contains high-quality altcoins with strong fundamentals, all that remains is to make your choice and expect these projects to realize their potential. It is extremely important to be patient when trading. ETH is the number one altcoin for me, I would spend most of it on it.
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On the initial path, try different methods and tactics, one will definitely suit you, the main thing is to try not to take too many risks so as not to get a bad experience, it will greatly demotivate you. Make smart choices, your understanding of the fundamentals of each coin can help you make more informed decisions.
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I usually do anything to ensure the safety of my crypto assets. I could do something like secure my seed phrase offline by saving it somewhere disconnected from the internet. I also like to enable 2FA on all sites where I store my crypto assets and if necessary I will do an OTP via phone call. Even though it sounds like a hassle, in the 5 years I've been on this forum I've never once lost any of my assets even though my assets are actually only a few thousand dollars if you put them all together.
Using all available forms of protection is the right approach, it is better to put in the effort and spend a little time to make your efforts pay off. The most important thing is that your assets remain safe for many years. I do the same, it's important when peace of mind, it gives strength and confidence. |
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This year has not been so good for me. I missed quite a lot of things and didn't prepare because I was focused on other things in real world activities. However, I see that a lot of people have made money from crypto this year, and I'm quite happy with that. We don't know how profitable we can get next, so I think if I can't maximize my profits this year, I might try in 2024.
I experience similar feelings, yes there are opportunities that we missed, but not everything is lost, this is normal, because the cryptocurrency market is very dynamic and cyclical. It is important to focus your attention on future projects and trends in the crypto industry. Real activity is also important, many people have to combine several types of activities to improve their financial condition. |
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If you ask me so personally I don't like this coin.
Yes me too. I have decided to invest on Bitcoin only, but sometimes I am always triggered by the pump in price of some altcoin. And when I want to try, I get a memory flash back of wjat altcoin did to me and I been keeping toy promise for long and never deed. The last time I did iost $30. and it still harden my mind tje more not to invest on alcoin. Though I talk about altcoin in altcoin discussion but just to learn about altcoin but don't have the mindset to invest in it. I am sure that many who trade cryptocurrencies have their own sad experience of trading altcoins, so there is no and never will be a trusting relationship. The sharp rise in altcoin prices is tempting. It is completely normal to be interested in other cryptocurrencies such as ordi, especially when you see their prices rising. |
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It’s very hard to believe when this happens, this is an incredible success, a young man at such an early age has reached such heights. It is quite possible to achieve significant success at a young age through investment or entrepreneurship, I believe that in any case, someone pushed such people along this path, without help and understanding this cannot be achieved.
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I think it’s worth it, bnb is an excellent cryptocurrency for investing, you don’t have to worry about the price plummeting to the bottom and it feels stable on the market. It is worth thinking more about the amount of funds for investment, because risks cannot be excluded.
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Tips for extraordinary investment growthThere is a simple strategy we use to achieve a fast altcoin growth. We make it simple. We chose LOW ranked coins whit a high rank number. Those coins whit less circulating supply have a much greater chance to reach multple thousand percent growth.
Good luck whit following my investment advice!!
Meny, meny Thanks!!
I don't know how successful this investment strategy of yours will be. But continue your investment as you are. Here are the strategies to invest enough for those who invest. I review all the coins I invest in with my own strategy and then invest. I never jump into investing without using my own strategy, I always invest with my own thinking. Meme coin is extremely volatile and can turn into a very bad investment deceit if you don't know what you are doing. I know people who made millions of dollars by investing in meme coin and some people lost a lot of money there as well. If you have a working strategy then you can take profit from any project, even from some meme projects too. I don't think token supply has anything to do with the price. If a project has a better business model and they are generating revenue from their product then it will positively impact the project's token prices. Absolutely agree with your opinion, you are right about the extreme volatility of meme coins. It is very easy to deceive people with the help of viral marketing, before investing in such currencies, you must not forget about the incredible risk, do not be deceived, sweet fantasies can greatly upset you. There are people who actually managed to make a significant profit, but these people for the most part have inside information and a lot of experience in trading. |
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Oh, these scam projects bring so much pain and demotivation in our business. This project passed me by, but I know very well how expensive trust in such false projects is. The most important thing is not to despair after failure, this experience will help you in the future. Failures only strengthen our understanding of how the cryptocurrency business works. And the scammers will pay for their lies, it is very difficult to come out of such a story clean.
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You can think endlessly on this topic, the current market situation looks attractive for your investment, no one will answer your question with confidence, everyone is constantly searching for the right balance between taking advantage of opportunities and managing risks. It is up to you to decide when to invest based on your individual circumstances and risk tolerance.
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Investing in the Meme token in the long term is not a good idea, those who pump such currencies do not focus on one thing for a long time, they do not care what happens to the coin, the main thing for them is to make a profit here and now. You should only trade Dogecoin over a short distance, by analyzing current trends, it is almost impossible to control such a process.
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Assessing the risks, adopting a working strategy is the basis for managing your investments, the cryptocurrency market is an extremely unstable place, if you are lucky once, you may not be so lucky the next time. If you were able to generate profit from your initial investment while leaving the remaining capital in the market, this means you are on the right track.
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