QueenVera (OP)
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July 24, 2021, 09:05:25 PM Last edit: July 24, 2021, 10:03:03 PM by QueenVera Merited by BIT-BENDER (2), GeorgeJohn (2) |
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The popular opinion now is buy the coins that are down, and when the market recovers that you'll be in profit. While that saying is correct but that doesn't go for all coins. Don't go buying every coins you see losing value just because you think when the market bounces up, they'll follow. Majority are losing value because people are seeing them for what they truly are which are just a waste of investment and time, also a ticking time bomb waiting to explosed.
The memes you all are rushing to buy today most probably will die with this market and won't be much of a sort after coin when the next bull run comes same goes for the Defi, NFT, launchpad projects you're all rushing to get them cheap not knowing you're buying a waste. Choose wisely, follow up the project. See if their developers are working on something or just hiding behind the now popular saying, the market is unfavorable.
Project with visions uses the bear market to build as they'll be getting less distracted with the whole when moon or when binance question for those not listed there yet. The current market situation present an opportunity to research properly and invest wisely, take notes.
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tabas
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July 24, 2021, 10:39:48 PM |
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That's true, not all of the coins will recover just as what we see with other altcoins that have been through thick and thin of the market. There's no way for them to recover even if the bear market's gone. A sample of those can be found on the last pages of coin ranking sites. You'll be surprised that plenty of them have been through that situation and never got the attention to recover as they're dying slowly.
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senyorito123
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July 24, 2021, 10:46:11 PM |
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The popular opinion now is buy the coins that are down, and when the market recovers that you'll be in profit. While that saying is correct but that doesn't go for all coins. Don't go buying every coins you see losing value just because you think when the market bounces up, they'll follow. Majority are losing value because people are seeing them for what they truly are which are just a waste of investment and time, also a ticking time bomb waiting to explosed.
The memes you all are rushing to buy today most probably will die with this market and won't be much of a sort after coin when the next bull run comes same goes for the Defi, NFT, launchpad projects you're all rushing to get them cheap not knowing you're buying a waste. Choose wisely, follow up the project. See if their developers are working on something or just hiding behind the now popular saying, the market is unfavorable.
Project with visions uses the bear market to build as they'll be getting less distracted with the whole when moon or when binance question for those not listed there yet. The current market situation present an opportunity to research properly and invest wisely, take notes.
Indeed, there's a lot project which offers tokens that booms only at first launch and after that everything will turn out to nothing and become worthless shitcoin in the long run. One day I went through that situation, nothing happens with the so called reliable project I've been through for so many years. So, it's very important to determine who will be our good prospects today and don't let my experience will also be yours because it's not easy on how to move on. Until now the price still not recovering, but we need to be strong and face reality.
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Vaculin
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July 24, 2021, 10:47:04 PM |
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It's sometimes we do rushing the market and buy cheap coins, I'd experience that before, and guess what, it still stuck on my wallet until today, and have no chance to recover. The price of the coin isn't just the only thing to consider when buying, as what I did now, I took the background check of that particular coins, do market analysis, and etc...
In general, we do the search first. That is the only way to save from easy loss or our chance to make a profit.
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Twinkledoe
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July 24, 2021, 10:53:53 PM |
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It's sometimes we do rushing the market and buy cheap coins, I'd experience that before, and guess what, it still stuck on my wallet until today, and have no chance to recover. The price of the coin isn't just the only thing to consider when buying, as what I did now, I took the background check of that particular coins, do market analysis, and etc...
In general, we do the search first. That is the only way to save from easy loss or our chance to make a profit.
And most of the time, this is the reason why it is better to stick with top currencies like btc, eth. Because even during bear season, you very well know that they will still have the market. Most alts with weak foundation can easily be abandoned by their developers. Even projects with good use case, you can never be sure of their survival. So if you don't want to worry that one day, your coins lost its value, choose the top alts.
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aemma
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July 24, 2021, 10:55:40 PM |
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The popular opinion now is buy the coins that are down, and when the market recovers that you'll be in profit. While that saying is correct but that doesn't go for all coins. Don't go buying every coins you see losing value just because you think when the market bounces up, they'll follow. Majority are losing value because people are seeing them for what they truly are which are just a waste of investment and time, also a ticking time bomb waiting to explosed.
The memes you all are rushing to buy today most probably will die with this market and won't be much of a sort after coin when the next bull run comes same goes for the Defi, NFT, launchpad projects you're all rushing to get them cheap not knowing you're buying a waste. Choose wisely, follow up the project. See if their developers are working on something or just hiding behind the now popular saying, the market is unfavorable.
Project with visions uses the bear market to build as they'll be getting less distracted with the whole when moon or when binance question for those not listed there yet. The current market situation present an opportunity to research properly and invest wisely, take notes.
You are correct, people should learn to do the right thing through having proper understanding and information of the coin they want to invest in. Buying low and selling high is a very nice strategy but what if you buy low and it keeps dumping or you buy low the team later exits scam; such person will not believe in that strategy again without knowing the problem is from him/her. So in my own way, before even thinking of buying any coin which is in dip, make sure you know what the team have in stock for the community, their road map and how far they are working with it. If the team are actually active, then it means that they are working and the coin have a good future. But if they are silent without any tangible thing to shows for, then focus on another coin.
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zasad@
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July 24, 2021, 11:07:32 PM |
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The popular opinion now is buy the coins that are down, and when the market recovers that you'll be in profit. While that saying is correct but that doesn't go for all coins. Don't go buying every coins you see losing value just because you think when the market bounces up, they'll follow. Majority are losing value because people are seeing them for what they truly are which are just a waste of investment and time, also a ticking time bomb waiting to explosed.
If we are talking about investments, then let's try to learn how to use analytics https://cryptorank.iohttps://messari.io/One of my any coins that Alameda sells to hamsters for a high price https://cryptorank.io/ico/solanaYou don't have to be hamsters. Learn to analyze, and if you have doubts, then it is better to ask for advice.
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sheenshane
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July 24, 2021, 11:30:37 PM |
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I prefer old coins with strong fundamentals to invest in when the market is down. new coins run the risk of being useless and valuable and difficult to recover. we'll see how many coins in the pancake lose their value even die.
Even on my side, new coins which are good for short-term investment and are very risky might become a shitcoin after it's been listed. Top 10 cryptocurrencies in the CMC that has a high volume which is considered good for a long-term investment, beyond that, you need to study and monitor its progress. Just listen to the trend and always have your own research on it, IMO, the ICO's that has a good return is on the gaming sectors or those coin based on games. @OP was right and I tend to agree, find your own research first before putting an investment. The current market situation present an opportunity to research properly and invest wisely, take notes.
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Dewi Aries
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July 24, 2021, 11:33:12 PM |
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For me now, it is better to be safe than regret. Although there are a lot of coins which maybe look promising, and the most important they looks like will give us high profit in short time, i rarely buy it. What i prefer is coins that already old in market and usually big coins in coinmarketcap, although maybe will need more time and lower profit i think it is safer to buy it.
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Silver80
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July 24, 2021, 11:35:35 PM |
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The popular opinion now is buy the coins that are down, and when the market recovers that you'll be in profit. While that saying is correct but that doesn't go for all coins. Don't go buying every coins you see losing value just because you think when the market bounces up, they'll follow. Majority are losing value because people are seeing them for what they truly are which are just a waste of investment and time, also a ticking time bomb waiting to explosed.
The memes you all are rushing to buy today most probably will die with this market and won't be much of a sort after coin when the next bull run comes same goes for the Defi, NFT, launchpad projects you're all rushing to get them cheap not knowing you're buying a waste. Choose wisely, follow up the project. See if their developers are working on something or just hiding behind the now popular saying, the market is unfavorable.
Project with visions uses the bear market to build as they'll be getting less distracted with the whole when moon or when binance question for those not listed there yet. The current market situation present an opportunity to research properly and invest wisely, take notes.
I bought a shiba inu when it first appeared, now the price is 0.0000006 error when it went up I didn't sell it, hoping it will reach the moon, now only time answers hope there is something like the doge incident in the past, just hope
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flyeers309
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My Dream Comes True
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July 24, 2021, 11:43:31 PM |
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That's right, I found a lot of people's posts on social media saying "these coins they said good then I bought them when down more deeper but why haven't they gone up yet? even though other coins went up.” Things like this sometimes have to be avoided because many people invest in coins that they don't research and don't understand even though various sources can be obtained easily. I really avoid just following the hype because I'm not a scalper who can trade quickly, so I always invest in coins that I think are valuable and the usecase very clear. Thank you for reminding
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carrigan
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July 24, 2021, 11:55:35 PM |
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The popular opinion now is buy the coins that are down, and when the market recovers that you'll be in profit.
This is mostly used by a group of people to make FOMO or hypes on a certain coin. So, don't totally believe in those who said that sweet words. Do our own analysis to get the right time to buy is better than follow other people's opinions. You are right, not all crypto coins can increase again. Some may be just increasing during its hype, for example dogecoins and dog coins family. Almost all coins that are growing based on the hype, cannot be trusted to buy for a long time holding.
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kidbounty
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HELENA
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July 25, 2021, 01:40:05 AM |
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but bitcoin and ethereum certainly will, and always have hope. that's why instead of filling the bag with lots of coins that have no certainty. I prefer to hold ETH and BTC. for other altcoins it is better to buy when the price really has a sign to go up.
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michellee
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July 25, 2021, 01:52:29 AM |
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but bitcoin and ethereum certainly will, and always have hope. that's why instead of filling the bag with lots of coins that have no certainty. I prefer to hold ETH and BTC. for other altcoins it is better to buy when the price really has a sign to go up.
Yes, bitcoin and ethereum will have a chance to recover. Bitcoin is now trying to recover slowly and it already touches $34k, ethereum reach more than $2k, while bnb can back to $300. Although bitcoin, ethereum, and bnb are down again, it will be back to the high price and even it will have more chances to break the next high price. The price seems to want to make a correction again and if you check on the market, you will see that the price is slowly getting down. Hopefully, the next week, the price start to increase.
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GreatArkansas
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July 25, 2021, 02:06:07 AM |
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OP is right, I remember way back bull run 2017-2018. When the ICO craze started, a lot of altcoins everywhere popping and when the bear market started, most of them got rekt, most dumped more than 50% and some are above 80% to 90% which is crazy. And additional, even how a coin dumped a very huge percentage, it does not mean it will recover and you will guarantee a huge return of investment (ROI) for it.
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Pelana vreo
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Syntrum.com
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July 25, 2021, 02:06:39 AM |
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Hype, makes meme coins more popular and new investors hope that meme coins will be the same as Dogecoin, but from the current situation, some meme coins offer many features which I think are almost the same as the previous project and I was quite worried when I saw the new meme coins didn't have the technology is not yet ready to be used by users, because some meme coins are created due to the popularity of Dogecoin and some investors try to buy similar tokens for profit. all investments are risky, but choose an altcoin that has new features and technology that is ready to use.
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cabron
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July 25, 2021, 02:08:12 AM |
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This is true. All that left after the rugpull, the token still is active which is probably only a few traders who are hopeful that it could go up to its ATH again. I have one DEFI token that I bought out of interest because its price went up to $3 and not just $0.06. After inquiries on the telegram, the platform doesn't even have a slot from pools. Tragic for the ones holding it.
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ReiMomo
Sr. Member
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July 25, 2021, 02:28:05 AM |
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Hype, makes meme coins more popular and new investors hope that meme coins will be the same as Dogecoin, but from the current situation, some meme coins offer many features which I think are almost the same as the previous project and I was quite worried when I saw the new meme coins didn't have the technology is not yet ready to be used by users, because some meme coins are created due to the popularity of Dogecoin and some investors try to buy similar tokens for profit. all investments are risky, but choose an altcoin that has new features and technology that is ready to use.
Its not only now, its always best to choose the right coin. I would advice to choose the best cheapest currencies that are having high trading volume in best exchanges. As you said, now after recent tweet of Elon Musk, I think many meme coins have come up like Shibu Inu. Its always the right thing to analyze and choose a coin which has a good project and good team.
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xiboothrezi
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July 25, 2021, 04:38:47 AM |
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I prefer old coins with strong fundamentals to invest in when the market is down. new coins run the risk of being useless, unvaluable and difficult to recover. we see how many coins in the pancake lose their value even die.
just like you, I also prefer coins that have clear fundamentals and real functions, so it will be easier to follow developments and set the right timing. For me, most new projects (not all of course) have a high risk because they are often only played by hype, indeed the price can pump hard, but the possibility of falling is also equally large. Of course, there are people who like to ride the waves of new projects, that's the right of each, because everyone has a different tolerance for loss. Basically, we have to know whatever we are going to invest in, don't just get carried away by market hysteria.
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Xinarae*
Sr. Member
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July 25, 2021, 04:51:51 AM |
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Investors must check the market to see if the market will go down which currency will be better to invest in even if the price goes down there will be a recovery it is better to stay away from new currencies these projects may not last long in the market. Traders suffer a lot when prices go down and they get lost therefore if you invest in bitcoin and ethereum by verifying the platforms, their value will increase if the market corrects these are low risk and will pump a lot.
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