Quote from: Faisal2202 on May 18, 2024, 04:55:55 PM

Quote from: dekafee79 on May 12, 2024, 02:54:51 AM

When investing, it's best to do it in lots of coins if you want to be successful in the crypto world. BTC is a favorite coin and safe to hold, but many altcoins make bigger profits than bitcoin. Everyone has their own analysis and strategy. Good luck

You are 100% right, diversification is the best strategy to minimize the risk as if one coin is going down, and all of your assets is invested in it, then you will feel more stress, even if you have invested with the funds that you don't care to lose (the most famous quote we all used to say to each other 😋) So to minimize the risk and increase the ROI I moved some of my funds into alts. But as I said not so very happy with this plan as I invested in some tokens at some good point but end up a victim of a fud and sold some good assets for instance Near I bought it at 1.75 maybe and since that point it has been trading at $7 or near it.

This is just a one example, I made some mistakes so I think I should not blame alts for that 😁😂. I am still investing in some tokens but the amount which I care not to lose. But to be very honest many tokens are so under value at the moment that they look so true to be invested (so good to be true).

We can't just depend on one coin to invest, that's the reason why we have to diversify. because by spreading our funds across several potential points, this is a step to minimize losses and of course increase the chances of achieving profits. Many have done it, except for large investors who only hold for the long term, of course Bitcoin is the main choice

I think the p2p trading method is good, and we can still carry out crypto trading activities on the exchange. I myself also use this method, so I send money to people for p2p transactions and I get crypto coins, be it Bitcoin or Altcoin. Likewise, if I want to withdraw money, I sell my crypto coins to my p2p partner and then the money is sent to my bank account. And so far I haven't had any problems, the fees are not too expensive in my opinion.

Quote from: milewilda on May 09, 2024, 08:58:29 PM

This is why skills would really be that relevant if ever you would really be tending to deal up with the unpredictable space on more active manner because of that extreme volatility on which everyone is really that trying out to survive. If you are that someone who can be able to bare up with those movements and the risks involved then good for you but majority isnt someone who would really be able to bare up with the risks but instead they would really be that tending to make out some swing or trend kind of trades but of course it would really be just that depending on you since
not all would really be on such similar situation.

Only few individuals can cope up with such difficulties but everyone is not able to do so therefore the success rate will increase with your patience and skills but it does not mean that if you don't know about the skills then try again can make you successful.

Trading is not too easy and we should not consider everyone to be an expert of the market as going to be an expert needs lots of time, patience and skills. Trading is highly risky no matter what type of trading you are doing but every type will have their own risk so either invest or learn better about trading to take profit.

Currently, I think investing in crypto is something that has more potential to gain profits, even though many people don't realize it yet and still choose to invest traditionally in gold. Bitcoin is the best gift in my life, because as you said, this is the most beautiful currency that no one can control. Buy and hold for the long term we will get big profits.

Quote from: Metha Wulandarin on May 17, 2024, 09:15:34 PM

Quote from: doc on May 11, 2024, 05:58:27 PM

Quote from: Metha Wulandarin on May 11, 2024, 04:45:10 PM

Quote from: Power420 on May 05, 2024, 07:20:11 PM

If a person wants to invest in Bitcoin, then of course he can benefit most if he invests in long term.  Because if you observe then you will surely see that only those who have invested in Bitcoin for long term have succeeded.  In particular, those who bought Bitcoin between $500 and $600 10 years ago are essentially the wealthiest people today.  That's why I say investing in Bitcoin is best suited for the long term only because ten years from now I think it will definitely be a 70% gain if sold.

Yes you are right that investing in Bitcoin at this time is still like doing but the problem faced now is that if we invest in Bitcoin with a nominal value of $100 and we wait ten years to get 70% profit, is it still worth doing?

If you feel that investing in bitcoin with $100 is not worth it, you can use low-priced altcoins to get bigger profits than buying bitcoin with just $100. There are many choices we can make when investing in crypto

What I mean is that, everyone knows that Bitcoin has great potential to $10k but if our capital is only $100-200 it is not worth the time that has been wasted, it is better to invest in other coins as you said, there are still many choices such as Ethereum, BNB and Solana.

Yes, if we only have $100-200, we should buy altcoins, as mentioned above, Solana and BNB are good choices, because they are not as expensive as bitcoin. I don't really like ethereum, because everyone has their own priority coins

On May 11, gas fees on the Ethereum blockchain dropped to 6 Gwei - the last time such values were seen in January 2020. After the launch of the Dencun hardfork, the network continues to be inflationary. Over the past 24 hours, 716 ETH has been burned and 2,526 ETH has been issued. The coin's exchange rate is showing weakness, trading at $2900.

Quote from: akeemqaz on May 17, 2024, 02:32:59 AM

I Mostly use Ethereum for transactions and that's why I hold. However, I sometimes send some to exchange to get more from other coins with Bitget smart portfolio. That when I see that those altcoins have pumping potential and I will need more ETH. Instead of buying more ETH, I pair with altcoins.. Although, It doesn't work out as expected everytime but most time.

Ethereum gas fees are now decreasing. so indeed we can use ethereum for transactions. I only hold ethereum for the long term, because for transactions I prefer other coins with cheaper gas fees such as BNB, Solana and TRX. because ethereum is more suitable for long-term holding, in my opinion.

The market has improved again, so we should remain optimistic when looking at the market this time. There are many potential altcoins that we can buy to hold, even though the price is starting to get high, I am still sure the price will be much higher than now.