Altcoins Talks - Cryptocurrency Forum
Further Discussions => Blockchain Technology => Topic started by: O.collins on December 31, 2024, 02:50:03 PM
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Currently, Bitcoin has taken a bearish turn, leading many people to panic and some to start selling. However, if you examine past price movements, you'll see that this is likely just a temporary decline designed to set the stage for another all-time high.
We are likely to witness significant market movement in the first quarter of 2025, and in my opinion, investing in some low-cap altcoins at this stage could be a great strategy to prepare for this period. While researching the SUI blockchain and its ecosystem, I discovered BLUE, the native token of Bluefin, a decentralized exchange (DEX) operating on SUI.
Carefully examine the situation, and you'll discover that both CEX and DEX tokens are solid investment opportunities worth considering for our portfolio. While BLUE appears to be an attractive investment option, it's essential to conduct your research (DYOR) before making any commitments. This will help you become aware of potential risks associated with the investment.
SUI and its ecosystem are gaining attention and could be a good investment option (please do your research). Additionally, feel free to share other projects that you believe would make a valuable addition to our portfolio, as well as your thoughts on BLUE.
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Currently, Bitcoin has taken a bearish turn, leading many people to panic and some to start selling. However, if you examine past price movements, you'll see that this is likely just a temporary decline designed to set the stage for another all-time high.
Yes bitcoin is dipping and I agree that based on the current momentum and market structure which you can see on charts, it's more like a retracement which is something many persons who are into technical analysis have been anticipating for a while now.
However another question is how accurately can you analyse and tell when the dip will end or rather where the retracement is headed. At this phase of the market I really don't see any reason for panic because it's not necessary rather you should be looking to buy more before the pump resumes.
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CEX and DEX tokens are a good investment if the platform is unknown and suddenly explodes and everyone wants to try it but as a long term investment it is not a good option.
I have no experience with SUI so I cannot judge it.
Currently Solana competitors may gain momentum in addition to Bitcoin and Ethereum.
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Currently, Bitcoin has taken a bearish turn, leading many people to panic and some to start selling. However, if you examine past price movements, you'll see that this is likely just a temporary decline designed to set the stage for another all-time high.
Yes bitcoin is dipping and I agree that based on the current momentum and market structure which you can see on charts, it's more like a retracement which is something many persons who are into technical analysis have been anticipating for a while now.
However another question is how accurately can you analyse and tell when the dip will end or rather where the retracement is headed. At this phase of the market I really don't see any reason for panic because it's not necessary rather you should be looking to buy more before the pump resumes.
You talked about technical analysis already. The technical analysis can also show you when the retracement is over. Some analysts use moving averages others use a break of structure to know when the retracement is over (or to get an insight) so use any best known to you. What about BLUE? Have you done any research on it yet?
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You talked about technical analysis already. The technical analysis can also show you when the retracement is over. Some analysts use moving averages others use a break of structure to know when the retracement is over (or to get an insight) so use any best known to you. What about BLUE? Have you done any research on it yet?
What's your point exactly? There are different ways of analysing charts and that includes both trend continuation or a retracement or change in character. Nevertheless technical analysis differ and their applications too differ as a result of this certain analysis would be difficult to use in telling for something like a retracement.
Take for example comparing or making use of both ICT and trend lines to detect a retracement or when the retracement will be over. You definitely get a clearer view of the whole market as well as how much the retracement will hold compared to making use of just ICT.
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SUI is definitely gaining some momentum these days and is getting a lot of tractions which am hoping can push the platform this year to bigger heights. I am not holding SUI and surely not into "BLUE, the native token of Bluefin, a decentralized exchange (DEX) operating on SUI." but for people who are expecting that there can be a BOG BOOM for alts this 1st quarter of 2025 this can be a good option to explore. So I am wishing this project more luck in terms of support from its investors and more volume of business as a DEX in Sui. As the market for cryptocurrency is expanding globally, we are now being bombarded with different choices of many types and colors and sometimes I even get dizzy looking at things in front of me and when I reach my pocket I just got frozen.
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The first quarter was actually bullish as Bitcoin, gold, ETH, BNB, Solana and some other coins also pumped so high but am not familiar with the coin you mentioned and didn't track its performance. If anyone wants to invest in any altcoin that is just new, you should do a proper research because some of those projects can look so fulfilling at first but in the long run, the team will just disappear and allow the token to battle on its own and from there, the project will just die off. If you had been investing into Bitcoin in the previous years, you would have realized a significant profit this year as price reached $109k.