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Messages - DAMKAR
1
« on: May 26, 2024, 11:38:36 AM »
As someone who is wise in investing, of course, we have the opportunity to use corrections to buy, because we may not have enough time to buy cheaply.
Whales can always manipulate whatever they want, but they can't do it alone. It has to be done simultaneously, because if they stand alone, the manipulation they do won't be effective.
So don't get hung up on whales' actions, they can only do this manipulation temporarily.
Yes, it can be said that whales will always manipulate the market, because they need large funds to be able to manipulate prices on the market, especially coins that already have high daily volume. We as small investors can only follow the flow of the whales' game, if it goes down, buy and hold
It is normal for whales to manipulate the market. If they don't do that then the market conditions will not have price movements until ultimately the market conditions will become quiet with no trading volume. If trading volume increases very high it will increase prices and we can take advantage of the movements made by whales to make a profit.
Yes, by always looking at the market and daily volume we can predict the movements of whales. We can take the opportunity if whales start to increase prices by entering at the beginning and selling when the price reaches the top. This is speculation for the short term, but we must focus on monitoring the market.
2
« on: May 26, 2024, 11:36:23 AM »
For the size of the meme coin, it is clear that the current price of doge at 15Cent is quite expensive and reasonable because it is the pioneer of all meme coins and has long been used as payment for every transaction and Tesla indeed entrusts the purchase of accessories with doge, but I doubt it is used well there because the price is too cheap, so it takes a lot to complete it. So there is no visible effect with trading in Tesla, in my opinion, because it doesn't boost Doge.
I also don't see an effect on Tesla, because we know Tesla buyers are those who have a lot of money. Meanwhile, Dogecoin seems to only be used as a means of payment there, even though it is not yet popular in every circle. I don't see any good impact from this.
It's true, many Tesla product buyers who have money prefer to use fiat money. Maybe this is also due to the influence of more stable fiat price movements and also not all rich people understand cryptocurrency. So instead of making it difficult for yourself when you want to buy something, it is better to buy it using Fiat money which is easier to use.
Yes, that is the reality, most Tesla buyers are not crypto lovers. So what Elon Musk did by accepting Doge as a payment method didn't really have a good impact. All of us who are still holding doge are just waiting for the bullish season, if we want high hopes we have to wait for what Elon Musk will do
3
« on: May 26, 2024, 11:34:12 AM »
Elon Musk is not just an ordinary influencer, he has a lot of money and if we use some of his assets to increase the price of Dogecoin then there is a possibility that the price of Dogecoin will touch $1 in a few moments and after that the price will collapse again because there will definitely be many who will immediately sell it, including Elon Musk.
I think the increase requires an indirect process of 1$, yesterday the price just went up, the holders sold their assets, let alone 1$ auto sell if it reached 1$, and it is impossible for Elon to make a loss, he will definitely take safe funds that he has invested in advance, a businessman like It is impossible for Elon to accept big losses
I think $1 is a reasonable target if we buy doge now. Elon Musk always seeks profit in every action he takes, and this also applies in the crypto world. He will influence many people to buy doge, and I'm sure when the price is high he will already sell the doge he bought at a cheap price.
The price target of $1 is highly anticipated by many people, but we also have to realize that it is not easy to increase the price that much. If you only rely on Elon Musk, this certainly won't happen because Elon Musk already holds too much Dogecoin and I'm sure he is waiting for other rich people to provide support for Dogecoin too.
In fact, Elon can influence other rich people to buy and hold doge which will increase the demand for doge coins, and that is what doge holders are waiting for now. I see doge still has a large community, of course with high hopes
4
« on: May 26, 2024, 11:32:16 AM »
People like Elon Musk are very rich people who can influence many people. Even in the world of Cryptocurrency, Elon Musk is very famous for often providing support to several projects which ultimately result in very high price increases. The effect of this price increase is what many traders are waiting for.
Elon Musk is very popular, and of course one of the richest people in the world. What he does will influence many people, that's how popular people are. One tweet can increase the price of doge in the past. and currently doge fans are still waiting for what action Elon Musk will take
5
« on: May 25, 2024, 06:22:16 PM »
Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).
ETH is a very popular coin and after BTC it is in the 2nd position with huge market cap and huge market cap. So far there is no altcoin that can compete with ETH. BTC is the first cryptocurrency coin so no other coin can compare with it. But I don't think any other coin besides Bitcoin can surpass ETH in terms of marketcap. So I think that no big competition has been created for them yet.
It's true that at the moment nothing will ever match Bitcoin, but for Ethereum I can't say there's nothing that will match it because so far there have been many new projects created and trying to beat Ethereum by exploiting Ethereum's weaknesses in terms of transaction fees which are quite expensive. and other problems that Ethereum cannot fix.
Bitcoin is difficult to compete with because as a pioneer of crypto, ethereum seems to have many new projects designed to compete with ethereum. BSC and Solana, these are the two closest competitors to ethereum. And we don't know in 3 years whether BNB and Solana will overtake ethereum
6
« on: May 25, 2024, 06:13:15 PM »
We know Bitcoin is using world best blockchain. Block chain is best technology now a day. And now bitcoin is established currency. We saw Bitcoins usability increasing day by day.
Every economic sector Bitcoin is using randomly. Some country consider bitcoin as illegal currency. But Big big country's are using bitcoin frequently. So i think Bitcoin is l legal and it should be legal world over the world.
If for example bitcoin is legal in all countries whether it will not cause increased transaction costs, if everyone makes payments or purchases using Bitcoin there will definitely be transaction density and it will increase transaction costs.
Of course, if more and more bitcoins are used for transactions, traffic will increase. This will cause an increase in gas fees. So being legalized will also have the impact that demand will increase and gas fees will also increase, but on the positive side the price of Bitcoin will also increase, I think this is also good.
7
« on: May 25, 2024, 06:11:03 PM »
I also agree with you about corrections, because I haven't seen it happen yet, and maybe it will happen in a while because currently the situation is stagnant.
Indeed, every Bitcoin movement is not instantaneous and requires stages and that, too, with corrections.
I agree, the timing can be done using an installment scheme or waiting until the correction has occurred. It's all up to the individual.
Friends, corrections have occurred several times, although not for long. Didn't you see a correction after the bitcoin price reached ATH $73k, then dropped to touch $59. I've sold my bitcoin at ATH and bought again when it dropped at $59K
8
« on: May 25, 2024, 06:08:43 PM »
As we all know crypto currency is very popular nowadays. Many make a Good amount by trading cryptocurrencies. But as a beginner or veteran member, do you believe in this cryptocurrency?
Those involved in crypto-currencies must believe in crypto. And those who don't specialize in cryptocurrencies don't come into the crypto world. Whether one is new or old they must believe in Bitcoin. Many people have profited a lot of money through trading but it is not an easy task for everyone. Trading is very risky, not only trading but the entire crypto world is very risky and most of those who accept this risk and invest time and money in crypto are successful. Getting good from crypto requires only confidence, patience and the ability to take risks.
When they enter the crypto space and they persist until now, then you can be sure that someone already believes in crypto. There's no other reason I think they're holding out other than because they already believe in this crypto.
If they don't believe in it, then they probably won't get into the crypto space, and when they do try then they probably won't stick around for long, because they have a fear of crypto.
You are right, for those who have been in and invested in crypto for a long time and persisted, they already believe in crypto and are making a profit from their investment. If they no longer believe, they will choose assets other than crypto to invest
9
« on: May 25, 2024, 06:07:00 PM »
We should use another network that is definitely cheaper than ethereum, currently there are many choices, we can use Solana, Binance Smart Chain, TRON etc. Even though ethereum is the King of altcoins, it is not yet the cheapest network, in my opinion.
For transaction is better using another network has lower or cheapest fees sending from BSC scan, Solana network until Tron network but for trading or investing Ethereum is the best altcoin and become king of cryptocurrency. Current fees of Ethereum network have decreasing than usually but still most cheapest when using Solana or Binance Smart Chain network with small fees require when sending transaction.
In my opinion, Ethereum is the best altcoin for long or short term trading but if adopt for transaction better using other network get faster transaction and have cheapest fees.
If we want to move assets, we can choose a network other than Ethereum to get cheap transaction fees, but what if there is no choice and we have to use the Ethereum network? I think it's not a serious problem, because we can wait for the Gwei price to fall first and we can trade at low costs.
And actually for investment there are also many good coins besides Ethereum coins and coins based on the Ethereum platform.
If there are no other network options besides ethereum, you should wait for the time when traffic drops. If traffic goes down the gas fee will be cheaper, this also depends on whether you are patient in waiting.
10
« on: May 25, 2024, 06:05:23 PM »
It seems like some of our friends are traumatized by Tron, that's normal. Because we should check before making a transaction, if we use Tron it means the network we are using is TRC20. We must be able to choose and learn which network we will use.
I'm definitely one of the traumatized ones, who then didn't follow the news anymore, what is still known about USDD, is this stable still alive or have they decided to permanently remove it from the network
I don't think it had this great success or am I wrong?
If you are one of those traumatized, that's normal. I also don't follow USDD news. but I still use TRON to make transactions because the fees are cheaper. I also use the BSC and Solana networks, in transactions
11
« on: May 25, 2024, 05:59:32 PM »
Is there truly many people now Investing half of their Money in Bitcoin and half in Litecoins? because I have not met any that has this though there are many investors putting their 50% in bitcoin and another 50% is in diversified folio that composes of 3-5 different coins and not only Litecoins.
I am one of those who save some Litecoin from all the capital I use, because I see there is good potential in Litecoin which might happen next year, currently the price of Litecoin is still very cheap so I don't want to miss this opportunity to buy Litecoin with very large number.
It is good if you buy Litecoin in large quantities, because you have confidence that Litecoin will rise in price and provide profits. I'm not a LTC lover, so I chose Solana and BNb as priority altcoins.
12
« on: May 25, 2024, 05:57:57 PM »
--snip-- Current LTC price is too far to ATH price. Current price is $ 71 and ATH att $ 412.
Yeap in a very long term perspective the current price could be a great start for someone investing in LTC.
I still don't know if I believe that LTC will recover his ATH on the next bullrun or not to be honnest. I keep mining LTC/Doge, but I am not sure I will wait for this kind of price ranges (I mean near ATH) to sell my LTC, probably around 200 usd if I am lucky.
There may be a lot of consideration and analysis that must be done to decide to mine a coin. Frankly, I would rather be a trader than a miner because mining requires a lot of capital for equipment. I also have litecoin, but not as much as I have bitcoin, ethereum, BNB and Solana
13
« on: May 25, 2024, 05:55:22 PM »
Maybe gambling lovers will prefer gambling to trading. This is natural, because the decision depends on our abilities and preferences. Gambling prioritizes luck and opportunity. You are right. While trading requires experience and expertise, it takes time to become a great trader.
Gamblers probably choose gambling if they want to try luck and get fun. But if they are serious to earn money, I think they must choose trading. Even the gamblers, they must know gambling games have no guarantee to success. It will be always difficult to win the prizes. Meanwhile in trading, it will be easier to get the profits if we have good knowledge and skills. That's why we must learn seriously before we do trading.
Gambling is for leisure
Trading is for income/profit making
With these two then you could already tell on whats their main difference on which of course when it comes to risk level then this is something that you would really be
able to differentiate and of course you would really be needing up to make yourself that determine on how you should really be gonna dealing with it.
It would really be that impossible that you cant really be able to make yoursel see those differences and on how you would be needing to act according into it.
The difference between gambling and trading is quite clear, even though they are almost similar. but trading requires experience and good analysis and not just relying on luck. Gambling relies more on luck, because the analytical side such as trading is not done in gambling.
14
« on: May 25, 2024, 05:53:17 PM »
So true. It seems that Ripple is doing everything but fulfilling their goal. When I got familiar with cryptocurrency, I have heard/read that Ripple was planning to replace Swift banking system and offer faster and cheaper service. That was in 2018. What has change since then? Banks still use Swift. What has Ripple achieved? Won trials. Won but lost. As I dont see any change in Ripple since 2018.
The bank still uses the Swift system because this method is considered the safest compared to using other methods. Ripple is a very high risk third party, which is why not many banks accept the technology developed by Ripple.
If banks don't accept Ripple technology, I think that's what will prevent Ripple from growing quickly. but I think Ripple dev has also thought about it. But for me, Ripple is still a potential coin to hold.
15
« on: May 25, 2024, 05:51:44 PM »
If you are new to cryptocurrency and just recently came to the forum here, for example, and read what people write, then pay attention to the fact that without any experience it is better not to engage in trading, it is better to buy me you and just hold them for a specific time until a certain price that you immediately You’ll put it up, perhaps even for sale, or you’ll just keep it in your wallet and wait for that price. But in any case, you’ll wait and make money; you’ll most likely lose everything.
For beginners it is recommended not to trade if he wants to then do it with small money trading is not easy it requires skills and even requires a long process to master these skills in trading.
Then the best advice is long-term investment maybe this is the advice that many people do to beginners ... especially long-term then just buy and save and buy in accumulation called DCA if you can afford to buy at once it doesn't matter especially when prices are down then it's a good opportunity to do it.
By holding you will lose a little risk until waiting for the price to rise and you have a profit.
Beginners can start learning trading from safe coins, for example the coins in this top coin are safe for trading. if they don't start learning, when will they become professional traders. Because becoming a professional takes a long time.
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