There is no actual time mandated to invest in crypto. Every investment made is at your peril. Nobody is to blame for the decisions you make today. Decisions you make today can be a breakthrough to your financial freedom which many people has testified to that by investing in crypto.
Coins that can give you that kind of financial freedom are bnb, avax, Solana, Matic, dogecoin and Dot.
Disclaimer *DYOR
Topic: Is it the right time to invest in cryptocurrencies? - page 4. (Read 2151 times)
Bitcoin is still testing the 40k support... and as you said, other cryptos go along with the BTC. I hope we see a leg up soon, but I remember other bad Februarys too (2018 was really bad a really bad year, and 2020 with all the Covid fear...).
However, this year is different: there is a lot of hype not only on cryptos, but on NFTs and Metaverse too. Time will tell us.
However, this year is different: there is a lot of hype not only on cryptos, but on NFTs and Metaverse too. Time will tell us.
It's best to suggest the newbies to buy bitcoin when they've just got in. The price is quite down as of the moment. but it's not a bad altcoin to suggest to the newbies.
If we notice the chart of crypto market, top altcoins always follow bitcoin rally. Probably op heard about bnb somehow and thats why he is especially asking suggestions about bnb! But if buy bnb instead of btc, that will be also good decision for op, i believe.But if it's about the choice, it's always the best choice to go for bitcoin first just like what everyone is saying. You're going to see people tell you to hold bitcoin since the alts that they may suggest probably have been through an ATH as well.
It's best to suggest the newbies to buy bitcoin when they've just got in. The price is quite down as of the moment. but it's not a bad altcoin to suggest to the newbies.
If we notice the chart of crypto market, top altcoins always follow bitcoin rally. Probably op heard about bnb somehow and thats why he is especially asking suggestions about bnb! But if buy bnb instead of btc, that will be also good decision for op, i believe.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".
there were lots of top altcoins but today so many of those, got disappeared. Beside btc got down but never make people disappointed & so is for ether also. so suggestion for op to follow those step but after all, he is only decision maker for himself It's best to suggest the newbies to buy bitcoin when they've just got in. The price is quite down as of the moment.
But it's not a bad altcoin to suggest to the newbies. If they just want to have a good portfolio, they must start buying bitcoin and next the likes of BNB and Ethereum.
Newbie should stick with the standard or coin that had been trusted by the community but we know that most of them are greedy or someone who do reallyBut it's not a bad altcoin to suggest to the newbies. If they just want to have a good portfolio, they must start buying bitcoin and next the likes of BNB and Ethereum.
loves to play with fire thats why they do really ends up on investing on altcoins which it isnt really that bad but of course there would be exemption when
it comes to that because we wont able to know on which one does really have the potential on the first place.
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?
Binance is promising and supported by tons of businesses and big investors as this means we can be assured of the safe investing , the only thing that matter is that the timing when this could happen .
so Yes let us put our funds in safer position like investing in BNB nowadays as the price drops low from the ATH last year.
since the beginning of last year the market started to plummet and now it seems to have stabilized so I think this is the right time to invest in crypto,
if you are new to crypto and want to invest BNB is a good choice and I think it is quite safe while you study and research other coins.
What ? last year's market? lol the price last year started so High maybe you mean this year 2022? if you are new to crypto and want to invest BNB is a good choice and I think it is quite safe while you study and research other coins.
since the beginning of last year the market started to plummet and now it seems to have stabilized so I think this is the right time to invest in crypto,
if you are new to crypto and want to invest BNB is a good choice and I think it is quite safe while you study and research other coins.
It's best to suggest the newbies to buy bitcoin when they've just got in. The price is quite down as of the moment.if you are new to crypto and want to invest BNB is a good choice and I think it is quite safe while you study and research other coins.
But it's not a bad altcoin to suggest to the newbies. If they just want to have a good portfolio, they must start buying bitcoin and next the likes of BNB and Ethereum.
loves to play with fire thats why they do really ends up on investing on altcoins which it isnt really that bad but of course there would be exemption when
it comes to that because we wont able to know on which one does really have the potential on the first place.
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?
if you afford to wait more from that post and look for January then you should have the lowest price bought this year , as the value subside more than 20% and even 30% for short time.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?
so buying that moment is more perfect than this time.
but of course right time is everytime for me because we are still in young market and we may take the chances increasing profit from here to the following years.
Nothing wrong in investing with it last 2020 but he should sell when the coins reach their peak, I think that was 1 year after. Now this year is bad for selling but it is perfect for buying because majority of the coins are dumping heavily; likewise, for me, every time is also the best time for purchasing because I can say that I have a patience to hodl longer.
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?
so buying that moment is more perfect than this time.
but of course right time is everytime for me because we are still in young market and we may take the chances increasing profit from here to the following years.
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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?
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?
You are right if it's for the general risk profile, but it'll depend on many factors if we talk about individual risk profiles.
In the case of pooled or solo mining, if I'm doing pooled, say I mine ETH, I take hi-risk as 1/4 my rigs are AMD R9 series. What about the DAG size for my 290/290X/295 X2? (my 390/390X might still be useable on this case) even if it's not ETH, what about the power uses? I might only be able to pay all the bills instead of getting some profits, or the worst thing's I need to pay more for the bills. I rather spent more time on POW coins research to get the perfect coin for a solo that'll give me some profits instead. It's still working! trust me! (Altcoins solo miner rules no.1: Don't ever say what coin you mine currently, it'll invite a dozen miners to that coin! bc soon, the network Hashrate will grow)
I just trying to show that risk varies, depending on many factors including who's faces the risk.
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.)
Don't get me wrong! I also invest some funds in MidasDAO.
In the past, it wouldn't happen to me as I'm the kind of miner that sold all my mining profits right after coins hit my wallet at the market price, not even trade moreover bag the coins. For the last two years, I'm trying something new, using mining profits to invest (even bets - lol). I adopted my method and effort on coins research to this new thing, such as doing deep research on projects based on many factors, comparing one to others, calculating A to Z, classifying the risk, and so on.
In the case of DAOs/Rebase projects - supply inflation, printing money/tokens (bond sale - rebase), and high APY, are indeed identically to the Ponzi scheme.
But who cares? As long as it's driving us to profits
Oh boy! That's a less precise thought to invest that might lead us to the losses, I mean, we're here in the crypto spaces, the tech spaces, measurable spaces where we can find a dozen variables to measure. Let's say understanding how DAOs project generating high APYs. Bond sales - Rebase - auto Compound are the answer for this. The bond sale is an attractive way to get investors to buy tokens at a "discounted" price, it'll trigger protocol to utilize rebase mechanism to adjust staked tokens to make them equal to outstanding tokens. Since bonders get tokens, s(staked)tokens generated by rebase process will be protocol profits and distributed to Stakers as a reward, auto compound to Stakers' fund.
Then how's this high APY generated?
Rebase mechanism along with multiple compounding periods that happen can explain it!
OHM and forks use general annual return/APY equation with x variable adjusted. Its adjustment tends to increase the variable number as the periodic rate is 3 times a day.
source: https://www.investopedia.com/terms/a/apy.asp
Where:
r= period rate
n= number of compounding periods
r/n example, one year of our deposit interest was 10%, and it was compounded quarterly (4 times a year), it'll translate to r/n value as:
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
)Reimagined Finance is a platform taking out the cumbersome nature of handling DeFi investments that fits investors of all kinds, starter to pro, conservative to risk-taker investors. Reimagined Finance is MidasDAO's official treasury advisor, and it'll make me add 2 or 3 points for MidasDAO on my scoring board.
This is might be good to be a reference, how Reimagined Finance evaluating a MidasDAO: (not as good as mine, of course)
https://reimaginedfi.medium.com/refi-farming-strategy-update-be7e21737469
This is not financial advice for sure! I just want to share my standpoint, I mean, we can't easy to judge whether something's good or not without knowing more about it.
----------ho dup!
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.
actually, the secret of winning on such platforms is whether you take risks or not. you are absolutely right.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.
Ok, I'm with you!
bnb is a good crypto asset, for long term investment it's really worth it...
besides bnb..avax and solana are also quite good, the price of ethereum is quite high so I don't really recommend it. but this altcoin is just an option, if the main investment still has to be bitcoin.
All of those have their own blockchains and it seems that the trend for these types of coins will remain and won't be gone that quickly. I'm not against with those and they really are good investments if you're going for the long term. But with one of them, I'll be certain with BNB and it's the best choice of them all. The only issue that anyone can see with it is it is centralized but I guess if it's about investment, people would just ignore it and would look at how usable it is and the true potential that it can expand. besides bnb..avax and solana are also quite good, the price of ethereum is quite high so I don't really recommend it. but this altcoin is just an option, if the main investment still has to be bitcoin.
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?
besides bnb..avax and solana are also quite good, the price of ethereum is quite high so I don't really recommend it. but this altcoin is just an option, if the main investment still has to be bitcoin.
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.
Cryptocurrency investments do not always offer high profits, there are also certain times that investors have to accept the harsh reality because of price fluctuations that cannot be controlled. Investors should not rush into making decisions, because investing in cryptocurrency requires extra studies, starting from research before investing to monitoring market movements. Cryptocurrency investments can be made at any time, and anytime will be the right time to make a purchase, no matter what the price is and what the market conditions are. The important thing is that investors can consider the price when buying. That way, investors will not worry when the price of crypto purchased suddenly declines or experiences sideways.
I have personally bought some major coins and now looking for Tezos but Wait for a pullback, I wouldn’t buy above 4$.
It’s been increasing for a month as of now, should have some relief pullback, never buy when something’s been on a month long tear….
It’s been increasing for a month as of now, should have some relief pullback, never buy when something’s been on a month long tear….
You are doing very well to be looking to secure your funds on an external wallet like Tezos. It is possible that in the coming months, everyone who wants to have a cryptocurrency will need to have an electronic ID and a Covid test with them. Hope it never happens.
altcoins were falling from their ath level, although market is little billish now. Trades on these for short, seems suitable in this situation. but can't guarantee that, buying bnb will bring sure profit for you but no doubt it comes in top investment by choice. But if something bad occurred tomorrow, then make sure you have ability to face the situation even afford your condision. Another invest can be on ether, solana & sand (metaverse)
Do you think it makes sense to invest in BNB or another cryptocurrency?
BNB is a good coin, it is a good idea to invest in BNB. But you need to analyze its price history, don't buy when the price is expensive. You also need to analyze the market trend, don't buy BNB if the market looks to drop in the near future. Better to wait for a huge correction or wait for a bearish season if you want to buy BNB for a long-term investment. I also plan to buy BNB this year, but I don't hurry to buy it, waiting for a big dump in the future.I have personally bought some major coins and now looking for Tezos but Wait for a pullback, I wouldn’t buy above 4$.
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….
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.
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….
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….
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.)
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
) 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?
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
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