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Author Topic: Altcoin question and answer better option to earn money in crypto  (Read 711 times)
TelolettOm
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March 12, 2022, 11:08:44 PM
 #21

  ::)Altcoins are always in the news, should we change our coin according to crypto trends
Do you mean that you should change your altcoin portfolio depending on the trend that is happening right now?
What if your last portfolio assets are worthier than those new coins or tokens?
Be wise and not only follow the hype. The hype will be bigger, very big enough. But most hypes will not survive for long. And once you get it, you may regret changing the assets to the new one. We can exactly add some to our portfolio with the new hype coins, but not for long term. And you must also know the right time to sell again the coins in rderto get the profits, not being dead coins again in the wallet.

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March 13, 2022, 06:36:16 AM
 #22

  ::)Altcoins are always in the news, should we change our coin according to crypto trends

This is the fastest way to burn your money, not all are able or can make money from Crypto trending these are pump and dump coins unless you know the movement of whales behind these pumps and dump coins you are sure to lose money investing in these trending coins, many of these coins are useless and have no usability or platform at all.

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March 13, 2022, 08:50:48 AM
 #23

  ::)Altcoins are always in the news, should we change our coin according to crypto trends

This is the fastest way to burn your money, not all are able or can make money from Crypto trending these are pump and dump coins unless you know the movement of whales behind these pumps and dump coins you are sure to lose money investing in these trending coins, many of these coins are useless and have no usability or platform at all.

Your statement is absolutely correct. If we chase the hype or the ongoing trend without knowing anything with the aim of doubling our money quickly, that is a big mistake. Otherwise, our money will be lost.

Simply stick to altcoins that have strong fundamentals, have a use case, clear vision in the real world or make sense.

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March 13, 2022, 08:59:58 AM
 #24

Quote
should we change our coin according to crypto trends

What do you mean by this? You have to be clear.
Changing coin according to crypto trends is meaning what exactly. You can sell your coins to buy another preferable coin if that is what you mean but you should explain better. If the hype of a coin is interesting you, you can make a shift but altcoins are mainly almost same, hype and dump.
Two meanings.
1. He is a part of the team of an altcoin project and they are intrigued about changing the name of it using the trend.
2. He has a portfolio of different altcoins with old names and not on the trend and he wants to sell them all in exchange for what's in the trend.
That's what I understand but if you include the title in the theory, I think the higher chance to be right is number 2.
OP, there's a bear happening, and if you sell them all now I don't think you will be in profits but mostly loss. Try to be at ROI first before switching or if you have more money buy them like you are a new investor again. But, I don't recommend what is "in the trend". Most of them are short-term or worse scams.

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March 13, 2022, 09:26:37 AM
 #25

  ::)Altcoins are always in the news, should we change our coin according to crypto trends

Some projects are like that, but they are deliberately kept short.
The real projects are not following the trend, but those who make the trend happen.
When we see a new cryptocurrency project whose concept is in line with the current trend,
I believe it only wants to take advantage of the short-term hype even some of them
deliberately trap investors in their projects and then leave them after they buy the coin.

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March 13, 2022, 10:39:47 AM
 #26

If you change your coin according to the crypto trend, I think you will have a hard time making a profit because that means you will sell your coins or tokens, regardless of the price and conditions. If it's better, you really look for coins that can survive and adapt to all trends such as bitcoin, ethereum, bnb, or others, so you don't have to bother to always change your coins based on crypto trends.
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March 13, 2022, 10:53:22 AM
 #27

  ::)Altcoins are always in the news, should we change our coin according to crypto trends
That is a sign that a developer or founder is not an innovative person.
It's better to develop your own idea even though you have to follow the trend but not overall, at least the uniqueness of the project will be appreciated by many people.
Usually people who think of making coins according to news trends just want quick profits so they don't care about who buys the coins because the founder will soon run away from the project.
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March 13, 2022, 11:15:56 AM
 #28

If you change your coin according to the crypto trend, I think you will have a hard time making a profit because that means you will sell your coins or tokens, regardless of the price and conditions. If it's better, you really look for coins that can survive and adapt to all trends such as bitcoin, ethereum, bnb, or others, so you don't have to bother to always change your coins based on crypto trends.
It seems to me that your example may be true for bitcoin and ethereum, but not for bnb. Everything is fine with bnb now, but there is a big risk that binance can be hacked, or its activity will be blocked on some continents, or for some other reason, and this can greatly affect the price. Of course, if you bought bnb tokens at 5 cents, then these risks are not very dangerous for you, but if someone buys bnb now, then the risks are very high.

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March 13, 2022, 11:34:49 AM
 #29

  ::)Altcoins are always in the news, should we change our coin according to crypto trends

If you look through it, they just published those articles whenever they planned to hold back and leave the others hanging waiting for another bull-run of that altcoins after they bought it. You need to be careful because what you see in that popular crypto news are just baits and also tweets from known celebrities that are whales in crypto are also deceiving. in this case, you don't have anyone but yourself, to make your own research and continue learning throughout the years on your journey in the crypto world.

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husdemba
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March 13, 2022, 01:51:38 PM
 #30

If you are not a professional trader, trading too much is often damaging. You can follow trend coins, but they are purely speculative. I think you should choose the right few coins and continue with them. Soon, Bitcoin may rise.

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March 13, 2022, 02:22:40 PM
 #31

  ::)Altcoins are always in the news, should we change our coin according to crypto trends
And i tried to avoid such trendy coins, because all of the trends will never in your favour when you will invest with wrong project, trendy coins always high risky especially in the current market i see mostly hyped coins didn’t survive in the long run. So without your own analysis in any new trendy project, most possibility to suffer a huge of losses.

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March 13, 2022, 03:15:45 PM
 #32

  ::)Altcoins are always in the news, should we change our coin according to crypto trends
So you want to convert just to join in the crypto trends? I don't think if that is good idea because as my experienced most of the hyped coins that I invested before will go dump, it's just temporary. It's really risky if you invest a coin that already reach the all time high.. You better to keep hold your coins no need to convert.

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March 13, 2022, 03:22:01 PM
 #33

  ::)Altcoins are always in the news, should we change our coin according to crypto trends

Be aware of changing your old coins(stable) to new one as they are most likely to go down. If you know how to go with the flow, then it is good for you, as long as you know how to trade those and sell when needed. They pump it at some point and dip double or more. If I were you, I would be on a stable coin with strong foundation.
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March 13, 2022, 03:39:31 PM
 #34

 ::)Altcoins are always in the news, should we change our coin according to crypto trends

I think it's very risky if you want to convert coins that are trending in crypto, because I think coins that are hype will only last temporarily, it's best if you focus on the assets you currently have, especially if the assets you hold have good potential such as , matic, solana, polkadot, binance and eth or coins that have other strong fundamentals, then you need to be patient to get big profits from the assets you have, but if you have capital you can try investing with hype coins and hope that luck is on your side,

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March 14, 2022, 10:15:47 AM
 #35

~snip~
It seems to me that your example may be true for bitcoin and ethereum, but not for bnb. Everything is fine with bnb now, but there is a big risk that binance can be hacked, or its activity will be blocked on some continents, or for some other reason, and this can greatly affect the price. Of course, if you bought bnb tokens at 5 cents, then these risks are not very dangerous for you, but if someone buys bnb now, then the risks are very high.
When Binance gets hacked, it could affect BNB price and other coins, let alone bitcoin and ethereum, because it's all on Binance, and people could lose trust if that happened. The price of BNB now is quite high. Therefore, if he chooses BNB and sticks with the coin, at least he can use some of his BNB for the staking program at BNB. It will be more profitable for him because he can get a share of the coins launched by BNB. But hopefully, before he decides which coin to choose, he has done his research and doesn't expect too much to invest in new coins.
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March 14, 2022, 10:48:39 AM
 #36

Quote
should we change our coin according to crypto trends

What do you mean by this? You have to be clear.
Changing coin according to crypto trends is meaning what exactly. You can sell your coins to buy another preferable coin if that is what you mean but you should explain better. If the hype of a coin is interesting you, you can make a shift but altcoins are mainly almost same, hype and dump.

It looks like the OP wants to buy altcoins, around which there is a hype, but in this case there is a very high probability of buying coins at high. And as we know, almost 100% after high, a dump happens to the coin, which leads to the fact that you either fix a loss or become a long-term investor.

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March 14, 2022, 01:51:02 PM
 #37

Quote
should we change our coin according to crypto trends

What do you mean by this? You have to be clear.
Changing coin according to crypto trends is meaning what exactly. You can sell your coins to buy another preferable coin if that is what you mean but you should explain better. If the hype of a coin is interesting you, you can make a shift but altcoins are mainly almost same, hype and dump.

It looks like the OP wants to buy altcoins, around which there is a hype, but in this case there is a very high probability of buying coins at high. And as we know, almost 100% after high, a dump happens to the coin, which leads to the fact that you either fix a loss or become a long-term investor.

Forced hodl Grin
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March 14, 2022, 04:52:50 PM
 #38


Do you mean that you should change your altcoin portfolio depending on the trend that is happening right now?
What if your last portfolio assets are worthier than those new coins or tokens?
Be wise and not only follow the hype. The hype will be bigger, very big enough. But most hypes will not survive for long. And once you get it, you may regret changing the assets to the new one. We can exactly add some to our portfolio with the new hype coins, but not for long term. And you must also know the right time to sell again the coins in rderto get the profits, not being dead coins again in the wallet.

A lot depends how useful are the coins that are in your portfolio.
To grow in price the coin must be useful and in demand.
Now airdrops are popular and there are products that allow to make airdrops more simple like this https://twitter.com/Artikfinance/status/1500098076035407875
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March 15, 2022, 08:32:43 PM
 #39


A lot depends how useful are the coins that are in your portfolio.
To grow in price the coin must be useful and in demand.
Now airdrops are popular and there are products that allow to make airdrops more simple like this https://twitter.com/Artikfinance/status/1500098076035407875

Airdrops is a good way of promotion. It allows to attract attention to the project, but there are a lot of different airdrops and it is very difficult to choose the best airdrop especially when participants do not have experience in conducting airdrops.
isaac_clarke22
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March 15, 2022, 09:20:06 PM
 #40

~
Day trading did not work for me even though I was monitoring my assets and I was keeping up with my schedule that day. Maybe other people could have better results than me since they had studied the coin longer and have more experience than me, but I guess it's good for them.
I am just into holding coins right now, primarily Bitcoin.
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