Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: BlockchainX on July 26, 2022, 03:46:07 PM
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It is possible to get filthy rich with the aid of making an investment in cryptocurrencies before 2023 starts off evolved, take a look at out how.
A couple of weeks within the latest past have no longer sincerely laboured in preference of the cryptocurrency market, what serves to be a ray of desire is the leap-again of the cryptocurrencies, though sluggish but regular. It’s possible to get filthy wealthy by making an investment in cryptocurrencies earlier than 2023 begins but you may additionally lose all your cash. Investing in crypto belongings is risky but also doubtlessly extremely worthwhile.
Cryptocurrency is good funding if you want to take advantage direct exposure to the demand for virtual foreign money. While Bitcoin continues to dominate the crypto area, different promising altcoins also are making headlines as they may be attracting many crypto buyers lately. So manifestly, Bitcoin is not the most effective crypto choice to invest in. This article capabilities the pinnacle 10 cryptocurrencies to shop for earlier than 2023 to get rich.
Binance Coin
The destiny of BNB is dependent on the growth of the Binance Exchange platform. And as in line with the present day scenario, Binance Coin’s destiny looks bright that may pump charges to new highs. And therefore as according to the BNB charge prediction, the BNB charge would possibly go US$610 with the aid of the quit of 2023. Hence, it is one of the nice cryptocurrencies to buy before June to get rich.
Tether
Tether is a blockchain-based cryptocurrency that is backed through the U.S. Greenback. This manner there are real dollars in reserves at economic institutions to function as collateral. Stablecoins, while completely backed by means of the dollar, have a 1:1 relationship with USD. You can anticipate stablecoin charges to stay stable, because the name suggests, not like famous cryptocurrency counterparts Bitcoin and Ethereum.
USD Coin
USD Coin has a fixed fee of US$1 in keeping with the coin, and every USD Coin is sponsored through a US dollar in a separate bank account. This makes USD Coin a popular preference for crypto buyers who need to avoid the volatility and charge risk associated with massive currencies like Bitcoin and Ethereum. It is one of the best cryptocurrencies to shop for earlier than June to get rich.
Polygon
Polygon delivered its version of the Ethereum Hardfork, which makes its pricing extra predictable, finally making MATIC deflationary by burning cash. Its motive is to keep away from over-flooding the marketplace with token circulate, eventually enhancing the general cost of the token.
Terra
Terra (LUNA) brings loads of benefits to the market. Its decentralized and permissionless nature makes it ideal for the virtual economic system. The community gives competitive programmable bills, logistics, and an infrastructure designed to simplify Dapp and stablecoin improvement.
XRP
Ripple XRP is a part of the swiftly-growing cryptocurrency universe that has enjoyed amazing growth in fortunes over the last 12 months – and continues to make headlines. Because of its consensus protocol, XRP is able to system transactions in seconds at a low value and with minimal strength. This makes it one of the greater environmentally pleasant cryptocurrencies. Bitcoin transactions, alternatively, aren’t efficient. It is one of the nice cryptocurrencies to shop for earlier than June to get rich.
Solana
Solana suits up nicely with Ethereum in important areas for development, velocity, and low transaction expenses. Ethereum’s structure limits transactions in line with 2nd to fifteen-30 on its community, creating the bottleneck that effects in excessive gasoline prices. It has attracted many crypto traders due to its progressive traits.
Cardano
Cardano is a 3rd-generation crypto. Its traits provide the high-quality combos of first and 2nd-era cryptos, together with Bitcoin and Ethereum. It uses Proof of Stake (PoS) in place of Proof of Work (PoW), improving its sustainability compared to other cryptosystems. Experts recommend making an investment in Cardano.
Avalanche
Avalanche is one of the few blockchains that may scale with out sacrificing decentralization. Its ability for interoperability with many blockchains is endless. Avalanche blockchains modify consensus algorithms based totally on the use case, and the network has greater validators than other networks. It is one of the excellent cryptocurrencies to buy before June to get rich.
Bitcoin
Cash Bitcoin Cash’s supply is capped at 21 million coins. It additionally reduces the price of mining by means of nearly 50% every four years, which suggests that its circulating deliver additionally continues decreasing. Due to coin burns, its marketplace price has witnessed a price hike.
To know More: https://www.blockchainx.tech/crypto-currency-development
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The coins mentioned are good but only if you are able to take the risks and I would recommend investing in Legit and maintainable coins like BNB.
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Just so you know there are many potential cryptocurrencies to build on the market. Now, of the cryptos you mentioned, Bnb, Matic, Xrp, Ada, and Solana are the only ones that I like a little bit. After all, I have other meem coins that I also hold at the moment because I believe that I saw the potential to give to future income is mine. One of them is Dogecoin, Babydoge, and the others are Mbet, Utk, Floki, and Shiba Inu.
But these are just my opinions that for me this is good savings in the future while waiting for the return of the bull run season here in this indus
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The coins mentioned are good but only if you are able to take the risks and I would recommend investing in Legit and maintainable coins like
You are right BNB is one of the best-performing coin that i seen and the future of BNB is very bright and you will get good profit if you invest in it.
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The coins mentioned are good but only if you are able to take the risks and I would recommend investing in Legit and maintainable coins like
You are right BNB is one of the best-performing coin that i seen and the future of BNB is very bright and you will get good profit if you invest in it.
The bnb is one of the best coin that i ever seen and investing on it have very high chance that you will get good profit . And as for getting rich it depends upon your research skills and your strategy.
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You have some good coins on the list. However, I don't completely agree with your points. Like, we know that Tether doesn't have the real reserve USD currency to back their token. Even if they did, idk how holding tether would make you rich. I'd advise anyone to use some other stable coin in the times of the bear, like USDC and BUSD. USD coin is also good. Well, Terra looked good enough but it didn't age well here. Lastly, XRP, we all know they are still in trouble with SEC. They could still win though, I guess we'll see in the near future. Other than these points I made, great list and great coins/tokens. I believe in them as well.
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I think some of the coins you listed are good, while some I think, are not.
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Op cryptocurrency is not where you come and invest to get rich quick scheme. And as you can see some of the coins you mentioned are no more in the cryptocurrency ecosystem industry. And this is 2023 which you have predicted but some of those coins are still static. And that is why in the cryptocurrency ecosystem world you don't force or tell people to invest in any how. But only for projects or assets that you know well that will have value in the future.
Be careful with you introduction of cryptocurrencies to people. If they fall to make it then they will blame you.
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Well, I can say that you were being fair by making price consideration a big priority. Some of the few mentioned options are budget-friendly, providing a better opportunity for those who want to buy in large amounts. Bitcoin was a better way of concluding it; thanks a lot.
But I think getting rich won't happen in just a year. It will take years to experience the benefits of your investment.
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Terra (LUNA) brings loads of benefits to the market.
Terra Luna is going to be the worst investment for an investor and it won't make anyone rich. Although, I believe that Luna Classic (Lunc) can go up in value due to the support from a huge community but it would still be risky to go for a coin like that.
People who invested millions in Luna back then have lost almost everything and now the ones investing in it might face losses again. It's more like a pump and dump coin now so everyone should be careful when investing in it. I would say that it's better to do your own research rather than following someone else's advice.
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Terra (LUNA) brings loads of benefits to the market.
Terra Luna is going to be the worst investment for an investor and it won't make anyone rich. Although, I believe that Luna Classic (Lunc) can go up in value due to the support from a huge community but it would still be risky to go for a coin like that.
For sure Luna will not make anyone rich anymore..
Basically all coins mentioned in the OP already have a huge marketcap . How will any stablecoin make someone rich? Only if you work and receive it as payment :D
Cardano, XRP, sol, Bnb, etc already made a lot of people rich. That train already passed... to have huge profits someone need to look at smaller projects. Coin out of top100
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That train already passed... to have huge profits someone need to look at smaller projects. Coin out of top100
The smaller projects can be very risky as no one knows that which project becomes a fraud and goes to zero in value. I've invested in smaller projects in 2021 but unluckily I have lost all the investment and all of those coins went to zero in value.
I would never suggest anyone to go with smaller projects but if someone still thinks that there is money in those smaller projects then those investors should put very small amount of money into those altcoins that may grow later. It's not going to be an investment but a type of gambling I guess because it has huge risks and that's why I recommend everyone to be cautious when investing into small projects.
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Terra (LUNA) brings loads of benefits to the market.
Terra Luna is going to be the worst investment for an investor and it won't make anyone rich. Although, I believe that Luna Classic (Lunc) can go up in value due to the support from a huge community but it would still be risky to go for a coin like that.
People who invested millions in Luna back then have lost almost everything and now the ones investing in it might face losses again. It's more like a pump and dump coin now so everyone should be careful when investing in it. I would say that it's better to do your own research rather than following someone else's advice.
Huh!
How this coin do with the traders and the investors. How he scammed.
After that what the FTX done. Means this is the crypto market and anything can happen here.
And Luna will never come up in its form like it was in the pas.
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Dont you find it strange, that if you have bought all those 10 cryptocurrencies from first post, the maximum what you have got today is doubling your investment at its best. Despite Luna, as this altcoin is a total disaster. Not going to grumble as an old man, but double does not equal rich :) To make first post more complete, adding that a long term hold is a must, would be nice.
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How this coin do with the traders and the investors. How he scammed.
After that what the FTX done. Means this is the crypto market and anything can happen here.
And Luna will never come up in its form like it was in the pas.
The FTX failure was another worst event that we have seen as crypto investors and a few of us have lost a lot of money because of the FTX's scam. Same happened with the ones who invested in Luna, they lost millions of dollars overnight and overall people lost billions because of Luna. I hope to not see any other high marketcap coin going to zero in value or loosing most of its value as that would cause more fear in the minds of the investors regarding crypto investment.
I'm also quite sure that it would be hard for Luna to gain value again but the community of that coin is still active and with proper burning mechanism the investors may earn profits from it if they plan to hold it for many years. But, the risk is way higher with such investment as compare to reward so it's better to avoid it rather than going with it.
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That train already passed... to have huge profits someone need to look at smaller projects. Coin out of top100
The smaller projects can be very risky as no one knows that which project becomes a fraud and goes to zero in value. I've invested in smaller projects in 2021 but unluckily I have lost all the investment and all of those coins went to zero in value.
I would never suggest anyone to go with smaller projects but if someone still thinks that there is money in those smaller projects then those investors should put very small amount of money into those altcoins that may grow later. It's not going to be an investment but a type of gambling I guess because it has huge risks and that's why I recommend everyone to be cautious when investing into small projects.
You are correct, small projets are very risky. However, the higher the risk, the higher the reward.
I have gained and I have lost money in small projects. There is a chance of success. And as the top says 'cryptocurrencies to get rich', you must take some risks.
Being realistic, nobody is gonna become rich investing small amounts in bitcoin/XP/ADA/SOL, etc.... People became rich investing in those coins 5-10 years ago, not anymore. You can get nice gains, but I doubt those coins will fold 10x,20x,40x like before...
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You are correct, small projets are very risky. However, the higher the risk, the higher the reward.
I have gained and I have lost money in small projects. There is a chance of success. And as the top says 'cryptocurrencies to get rich', you must take some risks.
I think it's not investment but a form of gambling to go for those small projects if someone gets lucky then he/she can make 10x to 100x from those coins whom some people call hidden gems and if someone luck isn't good then he/she losses the money that they invested in that coin. It's the purest form of gambling with no house edge but research and luck only.
Being realistic, nobody is gonna become rich investing small amounts in bitcoin/XP/ADA/SOL, etc.... People became rich investing in those coins 5-10 years ago, not anymore. You can get nice gains, but I doubt those coins will fold 10x,20x,40x like before...
I highly agree with you, and you're so much right that no one can become rich by investing small amounts in Bitcoin and other reputed altcoins that have also gained good amounts in their values. Some of the coins still have the potential to give you 10x at least if you hold those for a decade minimum but none of them can make someone rich if their initial capital of investment is not very high.
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That train already passed... to have huge profits someone need to look at smaller projects. Coin out of top100
The smaller projects can be very risky as no one knows that which project becomes a fraud and goes to zero in value. I've invested in smaller projects in 2021 but unluckily I have lost all the investment and all of those coins went to zero in value.
I would never suggest anyone to go with smaller projects but if someone still thinks that there is money in those smaller projects then those investors should put very small amount of money into those altcoins that may grow later. It's not going to be an investment but a type of gambling I guess because it has huge risks and that's why I recommend everyone to be cautious when investing into small projects.
You are correct, small projets are very risky. However, the higher the risk, the higher the reward.
I have gained and I have lost money in small projects. There is a chance of success. And as the top says 'cryptocurrencies to get rich', you must take some risks.
Being realistic, nobody is gonna become rich investing small amounts in bitcoin/XP/ADA/SOL, etc.... People became rich investing in those coins 5-10 years ago, not anymore. You can get nice gains, but I doubt those coins will fold 10x,20x,40x like before...
You are completely right, and I agree with you, one thing very certain is that investing in altcoin projects that have become really big, like the likes of Ethereum, Solana, avalanche, TRX binance coin and so on, investing in such coins will only yield a good amount of profit for the investor only if the investor invests a huge amount of money as well, its just as you have said, investing in bitcoin now can not make one rich except the investor is already rich enough to invest a really huge funds in bitcoin.
For anyone who wants to become rich through cryptocurrency investment, he or she should start finding really good micro cap coins or tokens and invest in term, micro cap coins are coins with a market capitalization of 100 million dollars or less.
This are the types of coins that can truly make people rich, if one is lucky enough to invest in the right one.
Investing in micro cap coins is very risky, as some of them end up failing even before the real journey began, but like I said before, if one is lucky enough to have an investment in one that breaks out, a good amount of money will be made, which can make such person a rich person.
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I highly agree with you, and you're so much right that no one can become rich by investing small amounts in Bitcoin and other reputed altcoins that have also gained good amounts in their values. Some of the coins still have the potential to give you 10x at least if you hold those for a decade minimum but none of them can make someone rich if their initial capital of investment is not very high.
You mentioned decade and mentioned coins. It is risky because people may take the advice and lose their money on the journey. If you are talking about holding a coin for a decade, the only coin that is qualified to hold for a decade is BTC. Everyone other altcoin, no matter how rated it is now, no matter the use case and level of acceptance by the community, there's no guarantee that they would still be around in 10years time.
3 years only is big enough for all of them to disappear into the thin air if something unexpected happens.
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I guess this thread was created before the incident of Luna, so if not, there's nothing that warrants having Luna being listed on the possible coins in prospect for an investment any longer, from what I can give here, Bitcoin, Ethereum, Solana, Litecoin, XRP, Cardano, Polygon, Avax and many others I may not include here but are worth deserving our investment, there are more newly introduced cryptocurrencies and they are showing fast performances than the existing altcoins because they were being funded by their investors to make them shine as well as serving their purpose.
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I highly agree with you, and you're so much right that no one can become rich by investing small amounts in Bitcoin and other reputed altcoins that have also gained good amounts in their values. Some of the coins still have the potential to give you 10x at least if you hold those for a decade minimum but none of them can make someone rich if their initial capital of investment is not very high.
You mentioned decade and mentioned coins. It is risky because people may take the advice and lose their money on the journey. If you are talking about holding a coin for a decade, the only coin that is qualified to hold for a decade is BTC. Everyone other altcoin, no matter how rated it is now, no matter the use case and level of acceptance by the community, there's no guarantee that they would still be around in 10years time.
3 years only is big enough for all of them to disappear into the thin air if something unexpected happens.
You are right about focusing on Bitcoin if your goal is to hold for a decade or more. But to say that 3 years only is big enough for some of the altcoins in the market to disappear, I don't think so. Other altcoins continue to be the top altcoins which were created for more than 5 years but still kicking and reaching new all-time highs every bull season. There are still a lot of altcoins which is good to hold for the long term, it's all about the right choice of altcoin to invest in and how an individual investor will take care of their investment or how will they take quick action for any unexpected events to happen in the market.
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Keep in mind that the risk in crypto currency is very high, we cannot comment accurately on the future of any coin. But there are some such currencies. Who have made a good place for themselves in the crypto market. We can choose only those like;
BTC, ETH, BNB, ADA, SOL, DOT, XRP, LINK, LTC, VET. Etcetera