Understanding cryptocurrencies and investment. - page 4.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Mehedi72 on June 23, 2023, 03:03:06 PM

Different coins has different purpose, a lot to explain. In short, btc, ether, bnb respectively can be considered as best coin. you can invest your money with those anytime but best time to invest with those while bearish market which is underway. you can google for more.

Looking at the older charts one can easily derive the fact that is bitcoin and the top ten altcoins are the only ones to look out for. The rest of them are just there to populate the charts and never actually shown a break even for their biggest investors. Newbies would be willing to try out these coins that are down in the dumps but making a lot of buzz on social media but dont forget that shills always shill most about coins which they worry the most.

As an investment, the top 10 coins are the maximum you need to traverse. Forget about the rest and your difference in profit will be meager.

Mehedi72

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Different coins has different purpose, a lot to explain. In short, btc, ether, bnb respectively can be considered as best coin. you can invest your money with those anytime but best time to invest with those while bearish market which is underway. you can google for more. Even answers of this thread will guide you as well as help to let you know about all facts what you are looking for.

merekamo

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Quote from: DiMarxist on May 05, 2023, 04:04:12 PM

Investing in Bitcoin, it's you that will make the time for yourself to invest, when you are ready to invest, you can invest any time when you are ready to invest, but if you want to invest, you can invest now when the price is low, or when you're ready know the market when it's rise and fall and bear it the risk, even though you invest in the low price, you can still lose, patience is the key to investments, any obstacles that comes you endure and be patient, there'll always be risk involved because most times when the price of Bitcoin that decrease it's difficult to rise quick.

True, but for newbie that patience is key to investments, and there will always be risks involved. Evaluating their use cases and potential, analyzing market trends, and staying updated on news and developments, investors can make informed decisions and better navigate the volatile crypto market. Because cypto market is hard to predict. For example now like issue BINANCE investigation with SEC. However, simply investing when the price is low is not enough. One should also consider other factors such as the technology behind the coin, its use case, and market trends. Important, don't put all your money into one coin. Instead, spread your investments across multiple coins to minimize risk.

WalkerIVIV

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Quote from: terencio on June 11, 2023, 11:47:12 AM

Crypto is a fascinating and complex topic that requires careful research and analysis. There are many factors that influence the value and performance of different coins, such as supply and demand, innovation, regulation, security, and market sentiment.

but mostly it's just market sentiment that could turn around the market, the news influence the market so much usually it just market have some big movement after some news appear which is actually convenient that we don't really need to make some analysis.

Bolivar_Tony

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Identifying the best coin to invest in and determining the right time to invest in cryptocurrencies can be challenging. It requires thorough research, understanding the fundamentals of each coin, and staying informed about market trends. Factors to consider include the project's technology, team, adoption, and potential for growth. It's crucial to approach investments with a long-term perspective and be prepared for market volatility. Consulting reputable sources, seeking expert advice, and staying updated can help in making informed investment decisions in the crypto space.

irsykes

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Quote from: doomloop on May 26, 2023, 04:56:30 AM

Quote from: Ngemmeng on May 24, 2023, 06:53:22 PM

The way I choose new projects to invest is by looking at partners, investors and funds raised. actually there are many other considerations but these 3 things that I often see. some of the new projects that I think have the potential for long-term investment are APT, SUI, and ARB. these three projects have a lot of well-known partners, apart from that these three projects also have big investors such as FTX ventures, binance, and multicoi capital.

Do you tend to check and verify if the partners some projects claim they have are actually real and authentic and aren't faked partnerships? Because scammers understand that most users would believe in a project if it has lucrative partnerships with big companies and projects so they simply just put logos of big companies and projects on their website just to show that they have big partnerships.

I say that because I have witnessed this, I was once checking out a new project and analyzing it, and I noticed that they have a lot of big tech companies as partners on their website but the reality was that those were just logos and they didn't have any of them as their partners.

good manipulation to attract novice investors who don't know anything just because of the project partner logo, this is very annoying because I experienced something similar in 2017. but now I understand which projects are true and which are fraudulent projects, sometimes there are projects that seem to convince investors their team will slowly run away after profiting from the results of the project and leave forever

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Quote from: Blitzboy on June 12, 2023, 12:17:56 PM

Indeed, the man's onto something valuable—comprehending the science of crypto before investing is non-negotiable. It's akin to buying a car—you'd check under the hood, wouldn't you? Yet, has he put his understanding to work? That's the Bitcoin question! Crypto investment resembles a tightrope walk—requiring balance and focus. Certainly, theory and reality may clash in this volatile crypto space, but isn't that true for all investments? His words, "Train mentally and be ready," resonate profoundly. Grasping the market is just part of the game. Mental fortitude, resilience, and patience are key. Knowledge alone is futile if courage is lacking.

Knowledge alone is useless, it's just a theory without practice that makes development better. Practice alone is also not good because there is no clear theoretical basis. So both are very important.
Regarding mentality, it is the main focus that must be trained, usually some beginners cannot control it and tend to make mistakes because they are too panicked. But for professionals who already have a lot of experience, of course they are mentally trained and can make good decisions.

Blitzboy

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Quote from: AakZaki on June 11, 2023, 12:58:26 PM

Quote from: deean_3one on June 11, 2023, 08:39:45 AM

To invest in crypto we must know the science. It is important to learn about how cryptocurrencies work. This can help us determine which coins are good for investing.

have you implemented it all? and does it work?
Investing in crypto is not easy because there are many risks that will occur. In theory it can be executed well, but in reality there are many predictions on the market that are not appropriate and market conditions are unpredictable. Besides having to learn the basics of investing in crypto, train mentally and be ready with everything that has to be done. it's useless if you're mentally unprepared and always down when your predictions don't match. there are many things that need to be learned also in cryptocurrencies.

Indeed, the man's onto something valuable—comprehending the science of crypto before investing is non-negotiable. It's akin to buying a car—you'd check under the hood, wouldn't you? Yet, has he put his understanding to work? That's the Bitcoin question! Crypto investment resembles a tightrope walk—requiring balance and focus. Certainly, theory and reality may clash in this volatile crypto space, but isn't that true for all investments? His words, "Train mentally and be ready," resonate profoundly. Grasping the market is just part of the game. Mental fortitude, resilience, and patience are key. Knowledge alone is futile if courage is lacking.

doomloop

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Quote from: deean_3one on June 11, 2023, 08:39:45 AM

Quote from: initim on May 05, 2023, 03:15:45 PM

Crypto is a digital currency that comprises different coins. It's important that we understand how this coin works and which to invest in. How do we identify the best coin and the period to invest in these types of coins?

To invest in crypto we must know the science. It is important to learn about how cryptocurrencies work. This can help us determine which coins are good for investing.

You don't really need to know the technical sides of a cryptocurrency to be able to invest in it or to understand if it is good enough for your investment or not, you need to evaluate the project, the team, what the token has to offer, what the project is about, how social the project is and what is the interaction level of the audience with the project, these are some of the ways one can evaluate a project to see if it has got potential or not.

There are a lot of traders who don't have any technical knowledge about blockchain and cryptocurrencies but they are successful traders, that is because they've learned the ways of trading and they know how to research a project and analyze it from top to bottom before investing in it.

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Quote from: Nazmul012 on June 09, 2023, 01:50:13 PM

For investment purpose, two ways are available. Firstly, best coin means large volume with top marketcap and You'll find those crypto-currencies from top like bitcoin, etherium and others. You can invest with those when you wish. Bedsides investors investigate and fine some coin which are good according to their own view. So they purchased those coin during tokensale or during bearish market with cheap

I think that investing in cryptocurrencies based solely on their capitalization and market volume may not guarantee long-term success. Cryptocurrencies operate in a decentralized way, which can make them more vulnerable to fraud, hacks and market manipulation. Many instances of cryptocurrency exchanges being hacked and investors losing their funds have been reported.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: ?? on ??

Understanding cryptocurrencies is easy because volatile markets cause broken candles,
and if you follow a project of course ,
so anyway investing right in crypto world is very different from countries like roses

What the hell does countries like roses mean? You trying to translate from another language? Don't do that.

Understanding crypto is easy if you have prior experience of trading in any other speculative market but not for people who come to crypto for the first time. Analysing charts will allow you to get a lot of information about past patterns of change and how that specific crypto reacts to the news or event. Though this is not a complete science in the long term the outlook of Bitcoin is pretty good as compared to any shitcoin.

Ojima-ojo

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Quote from: initim on May 05, 2023, 03:15:45 PM

Crypto is a digital currency that comprises different coins. It's important that we understand how this coin works and which to invest in. How do we identify the best coin and the period to invest in these types of coins?

First thing to not is that if you talking about investment then you will have to focus on Bitcoin and this has to be done with the mindset of a long-term view because taking Bitcoin for the short term is very disappointing so don't take Bitcoin for the short term but long term, but if you looking for short term speculation then you can gamble on some few altcoins such as meme coins who are high-risk scheme.

Cryptocurrency as an investment is something that must be done with a well-informed mind and knowledge of the market before venturing into them because it is a high-risk investment that must be carefully handled.

AakZaki

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Quote from: deean_3one on June 11, 2023, 08:39:45 AM

To invest in crypto we must know the science. It is important to learn about how cryptocurrencies work. This can help us determine which coins are good for investing.

have you implemented it all? and does it work?
Investing in crypto is not easy because there are many risks that will occur. In theory it can be executed well, but in reality there are many predictions on the market that are not appropriate and market conditions are unpredictable. Besides having to learn the basics of investing in crypto, train mentally and be ready with everything that has to be done. it's useless if you're mentally unprepared and always down when your predictions don't match. there are many things that need to be learned also in cryptocurrencies.

terencio

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Crypto is a fascinating and complex topic that requires careful research and analysis. There are many factors that influence the value and performance of different coins, such as supply and demand, innovation, regulation, security, and market sentiment.

X-ray

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SEC was giving another chance for people to buy some legit coins at the bottom price. Gary gensler has been successfully making so many people feel panic. I heard that rumor about he has been shorting bitcoin before the dump was happening.
I dunno whether that was true or false rumor but it sounds non sense to see him shorting the market. It seems like that the trust to the altcoins gone.
I saw how polygon or ada takes so long to recover from the bottom. The delisting news from robinhood has been driving people to the bullish for all of coins that already mentioned by SEC as security coins.
It's very hard to regain the trust again since robinhood was one of most important market for crypto.
Robinhood was also adding massive buyers for those coins yet their journey likely to end very soon.

deean_3one

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Quote from: initim on May 05, 2023, 03:15:45 PM

Crypto is a digital currency that comprises different coins. It's important that we understand how this coin works and which to invest in. How do we identify the best coin and the period to invest in these types of coins?

To invest in crypto we must know the science. It is important to learn about how cryptocurrencies work. This can help us determine which coins are good for investing.

Xal0lex

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Quote from: justdimin on June 11, 2023, 12:59:04 AM

For example, I believe doge is hyped and it doesn't deserve to be as high as it is right now and yet it is, which means that it is not going to be that easy, we just need to realize it is going to be a bit of a trouble when you see those as high ranked, so be careful even with the high ranks and see if they are hyped or not.

It all depends on what marks investors now consider to be the global bottom. If the price can't go below 6 cents for a long time, then that is a fair price for this altcoin at the moment. Regardless of whether or not that's considered a reasonable price for anyone, but everything is determined by supply and demand. As long as there is enough demand and this memcoin is trading above 4 cents and I am not sure that the price will drop much below those values.

justdimin

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Quote from: Nazmul012 on June 09, 2023, 01:50:13 PM

For investment purpose, two ways are available. Firstly, best coin means large volume with top marketcap and You'll find those crypto-currencies from top like bitcoin, etherium and others. You can invest with those when you wish. Bedsides investors investigate and fine some coin which are good according to their own view. So they purchased those coin during tokensale or during bearish market with cheap

I think there are some of them who are not really "there", it looks like they will be great but most of the time it is not going to end up being that good. I think it is going to be a big deal when it comes to it and I feel like we should be considering this as a big deal. I think it is quite important to realize that marketcap could be high for some hyped thing and then it will go back up as well that's the key point here.

For example, I believe doge is hyped and it doesn't deserve to be as high as it is right now and yet it is, which means that it is not going to be that easy, we just need to realize it is going to be a bit of a trouble when you see those as high ranked, so be careful even with the high ranks and see if they are hyped or not.

Godday

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Quote from: initim on May 05, 2023, 03:15:45 PM

Crypto is a digital currency that comprises different coins. It's important that we understand how this coin works and which to invest in. How do we identify the best coin and the period to invest in these types of coins?

There is no "which". All cryptocurrencies have the potential to hit the moon or become a scam, except for a few like BTC, ETH, and BNB. Bitcoins are the best. But you will not be able to get high returns like you invest $ 100 and then become $ 1,000.

There is no way to identify which coins are good. All depends on your own judgment. If there really is a way to identify, of course everyone who invests in crypto currency will not get scammed and cheated.

There is also no when the best period. I can't say it's time to buy and it's time to sell. It all just depends on how the market trend moves and it's totally unpredictable

Alpha Marine

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Quote from: MiF on May 26, 2023, 03:47:17 AM

If you have a big patience you don't need to be doubtful you can invest in cryptocurrency today and wait till you get the profit when the market become more better, we will not loss if you don't sell at loss, everyone knows that cryptocurrency is risky every coin is risky but if you will find the right coin you will gain big earnings.

Bitcoin is the only coin I can say this about, to be honest. It's only with Bitcoin that I can say your patience will surely be rewarded. And even with Bitcoin, it's very difficult. Some that invested in Bitcoin during the ATH till when it dipped to $16k have not been able to recover their losses. Now if it was most of the altcoins out there, it will be a wise decision to sell as a loss because there is every possibility that that coin will never grow again, there is even the possibility that the coin might be worthless, but that is not the case with Bitcoin.

Topic: Understanding cryptocurrencies and investment. - page 4. (Read 1412 times)