Is it the right time to invest in cryptocurrencies? - page 14.

smartaction

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Quote from: soureden on December 08, 2021, 10:59:43 AM

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 subject?

Now whole crypto market in dip. It is a better time to invest in cryptocurrency. You can bought now any cryptocurrency coin in top 1000 on coinmarketcap. it will must give you a better and big project. If Bitcoin doesn't crash anymore
BNB is also a better choice to invest at this time. hope BNB will reach $1k very soon

Ozero

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Investing in a potential cryptocurrency has always been a profitable business. At the current stage of the cryptocurrency market, I also do not see any obstacles to this. Considering that the economic situation in almost all states continues to deteriorate and inflation will inevitably grow, then one of the best options for avoiding inflation of common currencies of states is precisely investing in cryptocurrency.
The least risky to invest in have always been the high-cap coins listed at the top of the CoinMarketCap table.

rhomelmabini

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I think BNB is a decent choice since they are always following what trend are in the market and they are the best exchange regarding IDOs, and that's a fact. No one can predict if it's the dip or not since no one has been born yet I guess that can timing the market. I think is there? To OP, you can research more on BNB but as I've said it's a decent choice of investment if I were you, I have BNB on my portfolio too.

Teraboy

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Quote from: soureden on December 08, 2021, 10:59:43 AM

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

That makes sense for now as the price already plunged so hard and this can be considered as the dip and when the price will increase again and you may get huge profit from your investment but you must also remember that try to create various entry price to avoid when the market dumped even deeper than before.

Quote from: soureden on December 08, 2021, 10:59:43 AM

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

You can use bitcoina as a way to determine the line. The problem is market was unpredictable and this makes you will a bit difficult to determine which was the correct entry point. So many people were also talking about this right now. So many bad news can trigger the bearish trend again and there was a chance for market to go down and it will continue this time.

aylabadia05

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Investing in cryptocurrencies is almost the same as investing in any other sector. Regarding the right time, long before the pandemic hit the world, it was right if you wanted to invest in cryptocurrency, investing in the BNB coin (Binance Coin) which was very open to the opportunity for the price to reach $1,000 from its current price.

AliMan

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Everyday is always a good and right decision to make, so investing in a right time can be done without hesitation if you knew what you're going to do. Most of all, we should be careful in choosing the right asset because it might be disappointing when you do it in a wrong selection.
Let's not ignore the potential coins like NFT, and binance chain tokens because they're the hidden gems of upcoming year 2022.

soureden

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Quote from: ven7net on December 08, 2021, 02:11:07 PM

Quote from: soureden on December 08, 2021, 10:59:43 AM

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 subject?

As for investing in cryptocurrencies, you should know from the beginning that all this has a very high risk. As for the time, as for me, now is not the best time to invest in cryptocurrencies. The fact is that right now, in my opinion, we are the crypto market at the peak of the next development cycle. This means that there is still the likelihood of a short-term rise in cryptocurrency prices, but after the price may go down. At the same time, one cannot say 100% what will happen this way or another, but if you even want to invest in cryptocurrencies now, then it is best to buy BTC and some altcoins and keep them until the price of these crypto assets reaches the level that your opinion will be the best for you to make a profit. But in general, it was necessary to invest in cryptocurrencies earlier, well, at least last year or even earlier.

I invested last year. It can be said that I have won well.

actually what I am looking for is to catch an alt coin that can rise in the long run with low investment cost.

soureden

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Quote from: thesosorr on December 08, 2021, 01:13:12 PM

It makes sense if someone suggested investing in crypto, especially if the investment choice was Binance Coin (BNB). At the beginning of the pandemic, there were many who had an impact. Not only economically, but other things also have an impact and now the world is almost recovering and it can be seen that many countries are now starting to recover economically.

In fact, the recovery may have started in some countries. but there are still countries in the world that are experiencing economic collapse. triggers them in new variants. There may be a global famine in the near future.

soureden

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Quote from: blockman on December 08, 2021, 12:47:55 PM

Quote from: soureden on December 08, 2021, 10:59:43 AM

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 subject?

It does. It's okay to invest in BNB, it's one of the most known cryptocurrencies in the market and it's got back up by its own platform, the exchange that has been very popular worldwide, Binance. If you want to invest in another crypto, that's also fine as long as you know what you're buying. If you need another investment then that should be bitcoin. So aside from BNB, you should also hold bitcoin and if you don't want to, there's also Ethereum.

In fact, the amount of money I set aside for investment is low. Small investments do not make big gains for BTC. In ETH, yes, it's not too late, you're right, it could be.

ven7net

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Quote from: soureden on December 08, 2021, 10:59:43 AM

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 subject?

As for investing in cryptocurrencies, you should know from the beginning that all this has a very high risk. As for the time, as for me, now is not the best time to invest in cryptocurrencies. The fact is that right now, in my opinion, we are the crypto market at the peak of the next development cycle. This means that there is still the likelihood of a short-term rise in cryptocurrency prices, but after the price may go down. At the same time, one cannot say 100% what will happen this way or another, but if you even want to invest in cryptocurrencies now, then it is best to buy BTC and some altcoins and keep them until the price of these crypto assets reaches the level that your opinion will be the best for you to make a profit. But in general, it was necessary to invest in cryptocurrencies earlier, well, at least last year or even earlier.

thesosorr

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It makes sense if someone suggested investing in crypto, especially if the investment choice was Binance Coin (BNB). At the beginning of the pandemic, there were many who had an impact. Not only economically, but other things also have an impact and now the world is almost recovering and it can be seen that many countries are now starting to recover economically.

blockman

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Quote from: soureden on December 08, 2021, 10:59:43 AM

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 subject?

It does. It's okay to invest in BNB, it's one of the most known cryptocurrencies in the market and it's got back up by its own platform, the exchange that has been very popular worldwide, Binance. If you want to invest in another crypto, that's also fine as long as you know what you're buying. If you need another investment then that should be bitcoin. So aside from BNB, you should also hold bitcoin and if you don't want to, there's also Ethereum.

sonmezmstf1978

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Despite all this uncertainty, I am still hopeful for BNB coin. BNB will appreciate as long as cryptocurrencies are accepted in the market.

soureden

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Quote from: Deborah Christine on December 08, 2021, 11:16:53 AM

If you have money and have knowledge about the risk in crypto then everytime ia a right time.
But you need to do research about the right altcoin to invest.
In my opinion if you start to invest now possible it will be longer to hold it moreover if you set the profit target is high enough.

Can you suggest me a coin as a result of your analysis? For example, can you say, "I suggest you do a review for SHIP coin and for this reason".

Deborah Christine

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If you have money and have knowledge about the risk in crypto then everytime ia a right time.
But you need to do research about the right altcoin to invest.
In my opinion if you start to invest now possible it will be longer to hold it moreover if you set the profit target is high enough.

soureden

member

Activity: 196

Merit: 34

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 subject?

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