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Topic: Read this before you exit crypto space (Read 392 times)

member
Activity: 263
Merit: 15
June 10, 2022, 11:48:46 AM
#57
There is one thing that's not adding up to OP point, how will we identify another Solana and Algorand? Isn't this whole thing more like a gambling ground? Even if you are so sure after doing some research there is no guarantee that your desires and aims will come to past, which comes down to investing only what you can afford to lose, I think this is the best strategy after DYOR.
legendary
Activity: 2072
Merit: 1023
casinosblockchain.io
June 10, 2022, 11:17:16 AM
#56
If we have been in the crypto world for a long time, of course, the situation as it is today will feel normal because we have often faced it, and deciding to go in the crypto world is certainly not the right decision because later when the bear market ends then everything we have left behind will inevitably arise a great regret, the current decline is an opportunity that we must create a success in the future.

Those who have been in the crypto space for a long time are already familiar with this situation. I was also afraid of the bear market before because of the thought of losing everything. Until I realized that the bear market is just normal. There are still lots of opportunities that crypto could offer. If the market is down, it doesn't mean that you have to give up.

Bear market is sometimes not so scary as we think, we fear it simply because we don't want to accept it, don't want it to happen. No market goes up without falling and vice versa, bears cannot rule the market forever.  The stronger we fall and then rise again, as long as we persevere and don't give up, there will always be a chance to succeed.
fvb
member
Activity: 1470
Merit: 13
June 10, 2022, 09:54:01 AM
#55
Before you decide to go away from crypto space simply because we are in a bear market I want you to know that some amazing stuffs was built in the last bear market, our so called Ethereum killers

1. Hedera  2. Solana. 3. Algorand.  4. Avalanche.

These projects came in the bear market, if you walk away now till next btc halving you will be missing a lot of future opportunities.
If you have been in this space for several years, then you don’t want to leave. Many times I saw ups and downs and lost assets in investments. Achieved certain skills and learned to wait and believe. That is, I think that my time was not wasted. And the examples that you gave indicate that everything is still ahead.
hero member
Activity: 2254
Merit: 658
Looking for gigs
June 10, 2022, 09:39:09 AM
#54
Before you decide to go away from crypto space simply because we are in a bear market I want you to know that some amazing stuffs was built in the last bear market, our so called Ethereum killers

1. Hedera  2. Solana. 3. Algorand.  4. Avalanche.

These projects came in the bear market, if you walk away now till next btc halving you will be missing a lot of future opportunities.

I’m sorry but I do not see myself exiting the crypto space for a long time. I can’t see myself going back to my old way of living for years where I was a disappointment to my family. My stable work and side gigs are also from crypto-related companies, projects, etc.

And there’s no such thing as Ethereum killers bro. Solana is unstable they had numerous network outage incidents already. I can say that these are alternatives you’ve mentioned, not “killers”.
sr. member
Activity: 1652
Merit: 262
SOL.BIOKRIPT.COM
June 10, 2022, 08:35:46 AM
#53
Before you decide to go away from crypto space simply because we are in a bear market I want you to know that some amazing stuffs was built in the last bear market, our so called Ethereum killers

1. Hedera  2. Solana. 3. Algorand.  4. Avalanche.

These projects came in the bear market, if you walk away now till next btc halving you will be missing a lot of future opportunities.


That does not mean, seeing how a coin is decreasing in value and someone's money worth is decreasing can be very depressing. Assuming you bought the ethereum killer altcoin when the price was very high, like Solana at $250 with $2500 and the price now at $45, that means your money worth has reduced to $450, which is $2050 money loss. What still tell us that the bear market will not last than this and that the price of the coins will not sink down further. What I am thinking to be the best approach is to just wait until another massive fall that people will be so affraid to invest, that will be the best time to invest. And we should always know that holding altcoins is like we are gambling but a very significant bear market will trigger bull run.
Yes, you are right. too confident to buy etherum killer coins in large quantities is also very risky. I also still remember last year when nominex first entered the exchange, the price was still $6 and it continued to fall until it was stuck at $1.45

but there is another possibility too, if the market suddenly rises like what happened 3 years ago. I held eth at $90 and sold it right away because I was afraid the price would go down but who would have thought that etherum could go up to $4,818.87. when you are in a hold position and the price is going down, the feeling will panic and vice versa, if you are in a position to sell all assets and then in a few years the market goes up, then the feeling of regret will always haunt you.

The choice is in your hand
legendary
Activity: 2086
Merit: 1058
June 10, 2022, 07:09:56 AM
#52
I don't think they are ethereum killers
Not even one of them can hold up as well as ethereum in this kind of market situation. Those are just claims made by developers or supporters of Hedera, Solana, Algorand, and Avalanche, but it seems they forgot they were dealing with ethereum. The only thing that has any chance of beating ethereum is a bnb, in my opinion. Hedera, Solana, algorand, Avalanche, they are only a small part of ethereum, nothing to worry about
Although the coins you mentioned are coins that have potential but it's too much to think that they are Ethereum killers,
BNB does have an opportunity for that but so far Ethereum is still above it,
maybe it's better to just follow the movement and the progress will be like
I do agree that BNB has a good potential to be up there, it is a very fluid development project as well. Whenever something gets a bit more famous, they end up putting something in BNB that will cover it, and that is why I believe that it is 100% something that will get a ton of attention. I know that ETH is great, and I believe that ETH will keep on being the second ranked coin and it will get used a ton by the people for sure.

However, just because it is that great, doesn't mean that other ones are bad neither. By this logic, what I mean is, while eth could go from 2 to 4, bnb could go from 1 to 2, still lower in ranking, but at least same levels of increase.
sr. member
Activity: 2002
Merit: 250
June 08, 2022, 05:55:24 AM
#51
I don't think they are ethereum killers
Not even one of them can hold up as well as ethereum in this kind of market situation. Those are just claims made by developers or supporters of Hedera, Solana, Algorand, and Avalanche, but it seems they forgot they were dealing with ethereum. The only thing that has any chance of beating ethereum is a bnb, in my opinion. Hedera, Solana, algorand, Avalanche, they are only a small part of ethereum, nothing to worry about
Although the coins you mentioned are coins that have potential but it's too much to think that they are Ethereum killers,
BNB does have an opportunity for that but so far Ethereum is still above it,
maybe it's better to just follow the movement and the progress will be like
sr. member
Activity: 2114
Merit: 268
Leading Crypto Sports Betting & Casino Platform
June 08, 2022, 04:35:00 AM
#50
I don't think they are ethereum killers
Not even one of them can hold up as well as ethereum in this kind of market situation. Those are just claims made by developers or supporters of Hedera, Solana, Algorand, and Avalanche, but it seems they forgot they were dealing with ethereum. The only thing that has any chance of beating ethereum is a bnb, in my opinion. Hedera, Solana, algorand, Avalanche, they are only a small part of ethereum, nothing to worry about
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
June 07, 2022, 08:31:41 PM
#49
they definitely isn't ethereum killer, these altcoins couldn't even contain the current correction that they have lost major percentage of their value that I doubt they could ever recover back unless bullish is coming.
Ethereum will always be 2nd highest ranked for the simple fact that anyone has deemed ETH as trend setter in terms of smart contract blockchain.
all these self proclaimed ethereum killer are mostly just layer for ethereum at this moment.
hero member
Activity: 2702
Merit: 704
Bitcoin is GOD
June 07, 2022, 05:22:27 PM
#48
~
Seemingly that is what OP is trying to point out, though it is really pointless to just say it to be "ETH Killers". It is like calling Twitter as the Facebook Killer. It is an absurd example, I know. Cheesy

Just because bearish market arrived and many pump and dump coins are now called "ETH Killers".
The only thing those coins which promote themselves as “Ethereum Killer” will actually kill is your capital, investing in those coins is for the most part a bad idea, as they are just trying to hype their own coin by using the fame of another project.

And even if by some miracle those coins were any good that does not mean that whatever coin they are actually trying to replace will disappear, after all as long as a project is a good one there is a space for it in this market.
legendary
Activity: 3346
Merit: 1214
Payment Gateway Allows Recurring Payments
June 06, 2022, 10:15:53 AM
#47
Before you decide to go away from crypto space simply because we are in a bear market I want you to know that some amazing stuffs was built in the last bear market, our so called Ethereum killers

1. Hedera  2. Solana. 3. Algorand.  4. Avalanche.

These projects came in the bear market, if you walk away now till next btc halving you will be missing a lot of future opportunities.
So you're telling people to hang around and take a risk on new projects, it's not always the case, good projects come out even in a bull run, if people want to take a break from Cryptocurrency they have their own reason, they are burned out, some emergency situation or don't have the time because of their work or business.
But even if they are on vacation they are always updated on what's happening around the Crypto world, a Crypto investor will always be a Crypto investor.
jr. member
Activity: 840
Merit: 6
June 06, 2022, 10:00:44 AM
#46
Before you decide to go away from crypto space simply because we are in a bear market I want you to know that some amazing stuffs was built in the last bear market, our so called Ethereum killers

1. Hedera  2. Solana. 3. Algorand.  4. Avalanche.

These projects came in the bear market, if you walk away now till next btc halving you will be missing a lot of future opportunities.
Now is the time to be accumulating L1 blockchains like HBAR, CELO and CNDL. Even with POS, Ethereum will not be able to compete with these newer chains on fees and scalability. Eventually people will abandon Ethereum. L2 blockchains can not compete with scalable L1 chains because they will inevitable have higher fees due to settlement on Ethereum and settlement delays of up to 1 week on withdrawals.
sr. member
Activity: 1596
Merit: 264
June 05, 2022, 05:20:21 PM
#45
~
Seemingly that is what OP is trying to point out, though it is really pointless to just say it to be "ETH Killers". It is like calling Twitter as the Facebook Killer. It is an absurd example, I know. Cheesy

Just because bearish market arrived and many pump and dump coins are now called "ETH Killers".
hero member
Activity: 2828
Merit: 611
June 05, 2022, 04:49:34 PM
#44
Before you decide to go away from crypto space simply because we are in a bear market I want you to know that some amazing stuffs was built in the last bear market, our so called Ethereum killers

1. Hedera  2. Solana. 3. Algorand.  4. Avalanche.

These projects came in the bear market, if you walk away now till next btc halving you will be missing a lot of future opportunities.
Running away only because of bears? Sheese, that's crazy. Only weak individuals will do that but strong and wise people are going to get more motivated during this event. Im not really a fan of eth but saying that some projects are created to kill it seems not good to hear.

Even if some people thinks eth is not a good coin, we should still give honor to it or show some respect at least because if without eth, there will be no such thing as alternative coins, where people have been using the most than bitcoin because alts can do some thing that btc cant do. Solana and avax and algorand, are not new if not mistaken but it's my first time to hear that hedera. we can try investing on this coin and see if it can bring us nice returns by the time the bull comes.
full member
Activity: 2184
Merit: 100
SOL.BIOKRIPT.COM
June 05, 2022, 02:51:36 PM
#43
I won't say fully these are Ethereum killers. Ethereum is still strong they did not affect the Ethereum so far even if you notice in this current bear market almost every coin you mention lost huge value from its All-Time High but I must say these are high potential projects one can not deny but Ethereum is the king of all Altcoins. Like this many projects came and gone in the last several years and in the next 2 years, we will see a lot of new good projects also.
full member
Activity: 1708
Merit: 126
June 05, 2022, 08:46:10 AM
#42
If we have been in the crypto world for a long time, of course, the situation as it is today will feel normal because we have often faced it, and deciding to go in the crypto world is certainly not the right decision because later when the bear market ends then everything we have left behind will inevitably arise a great regret, the current decline is an opportunity that we must create a success in the future.

Those who have been in the crypto space for a long time are already familiar with this situation. I was also afraid of the bear market before because of the thought of losing everything. Until I realized that the bear market is just normal. There are still lots of opportunities that crypto could offer. If the market is down, it doesn't mean that you have to give up.
legendary
Activity: 2338
Merit: 1354
June 05, 2022, 08:18:06 AM
#41
(....)
1. Hedera  2. Solana. 3. Algorand.  4. Avalanche.
These projects came in the bear market, if you walk away now till next btc halving you will be missing a lot of future opportunities.
So OP, are you telling us that we should expect some upcoming Ethereum killers that will pop very soon or after the bear market?
You got a point here, for most of the bear markets I experienced, there will be always times that there are some altcoins that are really a gem and cheap during a bear market but once the market starts to recover, they are pumping too much, it's like a gem hunting season if we are in a bear market.
staff
Activity: 2436
Merit: 2347
June 05, 2022, 07:27:36 AM
#40
Before you decide to go away from crypto space simply because we are in a bear market I want you to know that some amazing stuffs was built in the last bear market, our so called Ethereum killers

Before the bear market, a lot of things have appeared worthy and what is now cheap, and I would not dwell now on projects that have long declared themselves and are examples of classic investing. The beauty of the crypto market is not just the presence of Ethereum killers. By the way, Solana entered the market already during the incipient bull trend, which was then picked up by institutionals and funds, just after the global March collapse caused by the global pandemic.
sr. member
Activity: 1596
Merit: 264
June 04, 2022, 02:47:52 PM
#39
They came as an ETH killer and look at them right now?
Though I like the idea of staying on this market even on a bear market, I just don't like those coins well you can really have it as long as you analyze it properly but if you are a newbie, better to look for a more good project especially on this market. This is a great opportunity to buy many good projects while they are still cheap, the next Bitcoin halving will surely bring a positive impact on this market, many are slowly preparing for this and we should also do that as a small investor.
Lol, I can see that someone remembered that post of that certain user claiming that the coin was an ETH killer. Every altcoin now these days are being called ETH killer just because it is an altcoin.
Should ETH be also called BTC Killer? Cheesy
I am getting sick of it, lol
full member
Activity: 1386
Merit: 101
ComboLabs
June 04, 2022, 02:15:04 PM
#38
Before you decide to go away from crypto space simply because we are in a bear market I want you to know that some amazing stuffs was built in the last bear market, our so called Ethereum killers

1. Hedera  2. Solana. 3. Algorand.  4. Avalanche.

These projects came in the bear market, if you walk away now till next btc halving you will be missing a lot of future opportunities.
everything you mention like Algorand, Hedera, Solana and AVAX are the most active and best projects in my opinion,
but if you want to invest it's better to choose 1 or 2, because if you have a lot of portfolios of course it will make you confused,
just choose ALGO and SOLANA, because remember, Algorand is a partner in FIFA WORLD CUP Qatar, of course I'm sure it will be a HYPE
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