Is it the right time to invest in cryptocurrencies?

[tarable]

escape?
investing in crypto must be done because this is a challenge as the times evolve. The impact of the pandemic is economic, but trying your luck in crypto is not an escape. I don't think that's the case in my opinion.

Everyone can see opportunities every day, so I don't think trying their luck anywhere will be wrong, especially if you want to try your luck in the crypto space, which has very clear choices, so there are always variations that are both challenging and profitable.
Let's take a look at those who bought Bitcoin at $33K and are now selling it for $38K, that's clearly a very real profit in a matter of weeks.

people who have bought Bitcoin when the price drops will be the luckiest people later. moreover the purchase price of $33K Bitcoin of course this will be the most exciting opportunity considering the opportunity for Bitcoin to reach a new ATH in the crypto space.

[perfect999]

Since the beginning of the pandemic, we can see for ourselves that many people have lost their jobs and it is not easy to accept this fact,
so it's possible those who lost their jobs try their luck to invest in crypto

escape?
investing in crypto must be done because this is a challenge as the times evolve. The impact of the pandemic is economic, but trying your luck in crypto is not an escape. I don't think that's the case in my opinion.

From what I know the escape word means to unwind if you have a problems. Like you use drugs to escape. Joining crypto because you lost your job is not a kind of escape because cryptos are not fun but it is a risky place if your goal is to invest for a possible income.

Crypto is not a challenge as well because not all people are force to get involved here but it can be called as a challenge if you get yourself involved and then the prices are moving in a direction away from what your expecting them to go. Those challenges are hard but possible to overcome and you should overcome it if you want to get your reward at the end.

[sonmezmstf1978]

this volatility in cryptos is great.  catch the beat and earn 15% every day.  Winning has never been this easy.  I'm starting to like this market.  more investment more profit.  The expected attack from BNB has not yet come, but I am still happy.

[pgbit]

 Stay in the top 10 cryptos if ya wanna make real money And dont want risk. Every other coin is a gamble. You can earn big but also loss all. Once you understand that crypto trading gets so much easier To make daily profit.

[saladin7000]

Currently, most coins are experiencing a very significant decline, I think now is the right time to start buying some coins that have the potential to be invested, for example, Binance, Ethereum and Solana, these three altcoins are the most widely adopted crypto.  so it has a great opportunity to increase even higher in the future.

[tarable]

Since the beginning of the pandemic, we can see for ourselves that many people have lost their jobs and it is not easy to accept this fact,
so it's possible those who lost their jobs try their luck to invest in crypto

escape?
investing in crypto must be done because this is a challenge as the times evolve. The impact of the pandemic is economic, but trying your luck in crypto is not an escape. I don't think that's the case in my opinion.

From what I know the escape word means to unwind if you have a problems. Like you use drugs to escape. Joining crypto because you lost your job is not a kind of escape because cryptos are not fun but it is a risky place if your goal is to invest for a possible income.

Crypto is not a challenge as well because not all people are force to get involved here but it can be called as a challenge if you get yourself involved and then the prices are moving in a direction away from what your expecting them to go. Those challenges are hard but possible to overcome and you should overcome it if you want to get your reward at the end.

crypto doesn't force people to get involved. only those who are willing to engage with more real goals or who don't push themselves will be lucky. crypto challenges are transparent. who is ready to survive with a mature strategy will win.

[Viscore]

Do you think it makes sense to invest in BNB or another cryptocurrency?

Based of what I have seen, BNB is also a good investment especially for those long term investor.
But I would suggest you to look for a cryptocurrencies that are well-known and has commonly used by majority.

What else can you suggest in line with the analyzes made on the subject?

Well, it depends on your specific goals and investment strategy. However, if you're looking for a cryptocurrency with high potential returns,I would recommend investing in Bitcoin or Ethereum.Yeah,you can also try to invest in BNB, but these two are more than enough

[soureden]

BNB hit $437 and has made a historic high from long lows. This upward momentum can push BNB to $ 550 in a short time.

[MFahad]

Cryptocurrency is totally different investment than Gold and Silver. Its totally depend upon usecase and News. For now market is look quiet bullish and i think BNB and any other coin can give good return.
Many countries are trying to regulate crypto and i think its good sign for crypto.

[perri]

I personally chase constant APY. From low risk (5-20%) to high risk (100 - 1xxxx%). Returns from High (currently MidasDao) will be diverted into Low risk (Crypto.com, Celsius, etc.)

In addition, it's a great way to test new, and maybe more obscure projects with "house money" (Reimagined finance, InsureDAO genesis event etc.)

[jillscarbrough]

I personally chase constant APY. From low risk (5-20%) to high risk (100 - 1xxxx%). Returns from High (currently MidasDao) will be diverted into Low risk (Crypto.com, Celsius, etc.)

Sometimes percent of "APY" isn't always reflecting the risk level. I'm not saying 100-1xxxx% APYs safer than 5-20%. I mean, in the context of how you understand technically about rebasing tokens that apply elasticity on the supply of their tokens can produce high APY (since you mention rebase project) (IMHO).

I'm also not tryin' to compare the risk of a rebasing project with other "low risk" projects. I'm just tryin' to say that risk depends on many factors.
To me, it's not too different with risk on solo and pooled mining. - Which one do you think is riskier?

You have a pretty good strategy! ngl

[soureden]

I recommend that you plan your investments well. These downward fluctuations should not be sold and repurchased the investment you bought, but the average lowering movement should be made with the new investment again.

[manok jepang]

Everyone has their own perception of determining when to start investing and when to sell it, but my perception is now is the right time to buy coins to invest, because the crypto market has started to improve and most of the coin prices have increased slightly, I  think before the price of the coin increases higher then now is the right time to buy it.

[khiholangkang]

Invest means you are not looking for short term profits, but you are looking for long term profits. Of course it will always be a good time if you want to invest, because if you look at the history of its development, the price of crypto always goes up from year to year.

[SteamGift]

I personally chase constant APY. From low risk (5-20%) to high risk (100 - 1xxxx%). Returns from High (currently MidasDao) will be diverted into Low risk (Crypto.com, Celsius, etc.)

Sometimes percent of "APY" isn't always reflecting the risk level. I'm not saying 100-1xxxx% APYs safer than 5-20%. I mean, in the context of how you understand technically about rebasing tokens that apply elasticity on the supply of their tokens can produce high APY (since you mention rebase project) (IMHO).

I'm also not tryin' to compare the risk of a rebasing project with other "low risk" projects. I'm just tryin' to say that risk depends on many factors.
To me, it's not too different with risk on solo and pooled mining. - Which one do you think is riskier?

You have a pretty good strategy! ngl

More risk, more return
More return, more risk

Risk and return are always comparable, are there any other rules instead? Pooled mining is indeed less risky bc we merge a lot of miners hash rate. Am I right?

[soureden]

I personally chase constant APY. From low risk (5-20%) to high risk (100 - 1xxxx%). Returns from High (currently MidasDao) will be diverted into Low risk (Crypto.com, Celsius, etc.)

Sometimes percent of "APY" isn't always reflecting the risk level. I'm not saying 100-1xxxx% APYs safer than 5-20%. I mean, in the context of how you understand technically about rebasing tokens that apply elasticity on the supply of their tokens can produce high APY (since you mention rebase project) (IMHO).

I'm also not tryin' to compare the risk of a rebasing project with other "low risk" projects. I'm just tryin' to say that risk depends on many factors.
To me, it's not too different with risk on solo and pooled mining. - Which one do you think is riskier?

You have a pretty good strategy! ngl

More risk, more return
More return, more risk

Risk and return are always comparable, are there any other rules instead? Pooled mining is indeed less risky bc we merge a lot of miners hash rate. Am I right?

More risk more gain or more gain is greed. actually, the secret of winning on such platforms is whether you take risks or not. you are absolutely right.

[Marykeller]

The economic pains of Covid-19 experienced in 2020 are experienced in many countries. Many countries are going through hard times economically and will. In these periods, salvation will of course be profitable investment planning. When I look at the crypto market for this period, the general comments are in the direction of BNB investment advice.

Do you think it makes sense to invest in BNB or another cryptocurrency?

What else can you suggest in line with the analyzes made on the subjectt?

2020 Covid-19 dealt with us globally that affected every sector of the economy both in crypto. During the covid-19 period, there where a lack of investors in crypto which makes so many projects not to be able to succeed in carrying out their projects. The price of BNB was a bit cheap and affordable compared to its price now. This shows that BNB is a potential coin that has a wonderful future in crypto.

BNB is a good coin to invest in, but don't invest in only it foreseeing magic to happen so soon. The best way to go in crypto is to diversify your investment with other altcoins

[gomeZLTC]

I personally chase constant APY. From low risk (5-20%) to high risk (100 - 1xxxx%). Returns from High (currently MidasDao) will be diverted into Low risk (Crypto.com, Celsius, etc.)

In addition, it's a great way to test new, and maybe more obscure projects with "house money" (Reimagined finance, InsureDAO genesis event etc.)

Strategy seems nice, but as others have stated - more risk, more return and vice versa. I actually did InsureDAO gen event (wish me luck)
Will next look into Reimagined Finance + Cronje is releasing his baby soon! (Excited )

[arbifahrozy]

I have personally bought some major coins and now looking for Tezos but Wait for a pullback, I wouldn’t buy above 4$.

It’s been increasing for a month as of now, should have some relief pullback, never buy when something’s been on a month long tear….

[soureden]

I have personally bought some major coins and now looking for Tezos but Wait for a pullback, I wouldn’t buy above 4$.

It’s been increasing for a month as of now, should have some relief pullback, never buy when something’s been on a month long tear….

There is a rule in all investment materials. Never, ever invest while rising. Investment planning can be done during the decline or while cruising on a horizontal line for at least 3 months.