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Messages - Ragini Mishra

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1
Cryptocurrency discussions / Re: Can dollar be replaced?
« on: August 10, 2022, 09:16:02 AM »
The dollar is a strong currency and has a lot of influence in every transaction of selling and buying goods between countries, which will replace the dollar in the future is Bitcoin, cross-country transactions will take place quickly and easily to use
There is no chance for Bitcoin or any other cryptocurrency to replace the dollar. Developed states will not agree to this under any circumstances. The American dollar can replace the currency of a country with a stronger economy than the US. It is in this area that the main battle for leadership takes place. We see such rivalry between the US and China. But China is still largely dependent on the supply of high-tech goods from the US and Europe. And this means that China will continue to be afraid of sanctions from these countries and regions. Until China gets rid of such dependence, its yuan will always be below the dollar.
[Dollar cvannot be replaced as most coins are valued against dollars. But alternative currencies and coins have their own value. Have you heard of Mallconomy]

2
Cryptocurrency discussions / Re: Feeling Some Jinx?
« on: August 07, 2022, 10:47:51 AM »
I communicate with many of my friends who work with cryptocurrency. Almost everyone says that they make many mistakes when predicting the rise or fall of prices in the market and choosing specific steps to make a profit. We cannot avoid mistakes, because price fluctuations on it are sometimes completely unpredictable. Therefore, this should be taken calmly. The main thing is that in general we have a good profit from working with cryptocurrency.
At the same time, the existence of the "evil eye" should not be denied. This sometimes works too.
Rise and fall of cryptos cant be stopped, we should have alternative ways of earning also. have you heard of Mallconomy]

3
Bitcoin has a great influence on other coins. This is mainly because both are just the clones of bitcoin. Many investors also regard bitcoin as a reserve currency for cryptocurrencies.
[Because you never know when a coin is going to boom. Have you heard of Mallconomy]

4
Usually, a trader calculates his return based on the asset's value in USD. For example, yesterday he invested 2800 USDT and bought 1 ETH. Today ETH price reaches 3200 USD, he sells 1 ETH and has 3200 USD, so he makes a profit of 3200 - 2800 = 400 USD = 14.3%. Good job!

However, during this bullrun season, we all know that Altcoin's price increase potential is very large, making traders less profitable than holders. For example, a holder buys 1 ETH at 2800 USD and holds it until the end of the bullrun and sells 1 ETH for 10K USD, he will get a profit of 10K - 2.8K = 7.2K USD = 257%.

For trader: he usually sells tokens as soon as returns are between 15-30%, and even though he works hard, he usually only makes 100-150% returns during the bullrun.

Very few traders achieved greater profits than holders during the bullrun.

So I am doing a trading strategy with profit based on the quantity of one altcoin that I trust. And I join the trading pairs and then take profits on this token to optimize its amount instead of converting it to USD.

For example: I believe in the future of BCH, I will enter trading for the purpose of optimizing the quantity of BCH I hold. For example, when BCH/BTC reaches a high rate, I will sell BCH for BTC and wait for the BCH/BTC rate to be low and buy in to increase the amount of my BCH. The end goal is that I'll have plenty of BCH before the bullrun season ends, so I get a compound profit from the increase in BCH quantity and price.

However, as far as I experience, trading on an altcoin is quite stressful because that key altcoin price also changes over time and it is difficult for me to optimize the amount of key altcoin. It's a bit of a pity but I usually close when the return is 5-10% instead of waiting up 30-50% like for USDT based trades.

What do you think about this trading strategy? Do you like its potential or fear its complexity and risks? And are you trading and calculating profits based on the amount of USDT or Bitcoin or Altcoin?
[yes its true due to volatility in the market, alternative sources of income should be tried. Have you heard of Mallconomy]

5
Cryptocurrency discussions / Re: Afraid of Possible Crypto Winter?
« on: July 19, 2022, 07:07:27 AM »
To be honest I am not afraid. While some see this crash as the end of days for crypto, others will tell you that this is just part of the journey. As for me I still believe the sun will shine after the storm i.e., the crypto market will rise again.
[No but one should keep on trying new sites to earn extra. Have you heard of Mallconomy]

6
Sorting Box / Re: What coin will you invest on for short term?
« on: June 20, 2022, 08:47:25 AM »
Make it a rule of your life If you want to get ahead in cryptocurrency. If you invest in a new project, take it for a short period of time and make a profit by selling it. And there are many big plans that you can keep for a long time. like XRP ADA LUNA AND SOLANA

TRX is trending. in the Bitcoin market, alternative sources of investment should be loked for. Recently I came across Mallconomy, a great earning site. If you are interested in knowing more, feel free to comment

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