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Author Topic: The impact of crypto on our lives  (Read 48400 times)

Offline legend45

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Re: The impact of crypto on our lives
« Reply #495 on: September 10, 2024, 11:20:12 PM »
It is very difficult to detect which tokens will be listed, from airdrops or bounties. because the name rewards is a matter of luck, sometimes we hope to get valuable tokens but the price dumps badly after listing. Honestly, I have received many rewards in the past by participating in bounties and airdrops.
Detect or analyze?
The tokens got from airdrops and bounties are mostly from new projects. There is surely no guarantee for the tokens to be listed on exchanges. Many of them are just scam tokens/coins because there is development of the projects and the teams never list the tokens/coins. Yep, some of them can be listed but the price keep decreasing after it is listed on the exchanges. It is because most investors and hunters sell their coins/tokens.
I agree with you there. Some people hold them till the end no matter what, and they sometimes profit from it - but most of the people hit the button and get rid of their drops immediately. Especially if they don't hold much of the tokens anyways.
Most of the time, coins from new projects are rarely kept in the hope that they will increase when there is a movement of bitcoin, but now, when they receive them, they immediately sell them and don't expect to be able to wait for them to increase, and they don't believe in it.
Rarely does anyone speculate about keeping them, but I agree with your opinion. If the coins obtained are quite a lot, then usually some are kept seeking fortune, so that if there is an increase, they will also get it.
I only keep some of the new coins I receive, and keep some of them. I don't sell all the new coins I receive, because if the coins are bags and will experience a high price increase we will be disappointed, so it's better to keep some of the new coins we receive even though there are still 30% left, this is just my way that I have been doing so far.
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Re: The impact of crypto on our lives
« Reply #495 on: September 10, 2024, 11:20:12 PM »

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Offline UNIVERSE

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Re: The impact of crypto on our lives
« Reply #496 on: September 10, 2024, 11:59:50 PM »
Anything in crypto is possible, although airdrops and bounties are still around. and one day we will see the changes. Bounties are currently more focused on social media, not on forums anymore, except for the bounty mixer and some signature bounties on bitcointalk. but I see airdrops are currently getting busier, while signature bounties are starting to decrease.
What changes? I see everything is still the same. We still have bounties, airdrops, and even signature campaign. Sure, the number of bounties and signature campaign are getting lower. Meanwhile we still have many airdrops. But it doesn't mean airdrops will change bounty someday. If bounty will disappear, airdrop will be possible to disappear as well.

It is lucky that we have mixer signature campaign in this forum. Some people still can get good money from the signature campaign. I only see that this signature campaign is good to do. I don't get good money from airdrops and any bounty anymore.


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Re: The impact of crypto on our lives
« Reply #496 on: September 10, 2024, 11:59:50 PM »

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Online Tribalchief

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Re: The impact of crypto on our lives
« Reply #497 on: September 11, 2024, 12:29:56 AM »
Most of the time, coins from new projects are rarely kept in the hope that they will increase when there is a movement of bitcoin, but now, when they receive them, they immediately sell them and don't expect to be able to wait for them to increase, and they don't believe in it.
Rarely does anyone speculate about keeping them, but I agree with your opinion. If the coins obtained are quite a lot, then usually some are kept seeking fortune, so that if there is an increase, they will also get it.

I think the reason why most people want to sell their own portion of any project is to make quick profits, and also, not to be on the lossing side because others with Larger portions are ready to dump as well. We all know what happens to most project after dumping has occurred. Some individuals ends up on the lossing side, which discourages them in holding any other project in the future. This act is literally a common strategy that most people practice, including the people around me that are into airdrops.

And I also think that another possible reason that makes people want to sell is because some of these new projects usually hits to a good price at the early days/weeks of listing.
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Offline luckyledger

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Re: The impact of crypto on our lives
« Reply #498 on: September 11, 2024, 10:40:03 AM »
I only keep some of the new coins I receive, and keep some of them. I don't sell all the new coins I receive, because if the coins are bags and will experience a high price increase we will be disappointed, so it's better to keep some of the new coins we receive even though there are still 30% left, this is just my way that I have been doing so far.

A good strat indeed.
Leaving some would beneficial in case you described - and it's wise to be prepared for it ;D

Offline yohananaomi

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Re: The impact of crypto on our lives
« Reply #499 on: September 12, 2024, 07:45:29 AM »
I only keep some of the new coins I receive, and keep some of them. I don't sell all the new coins I receive, because if the coins are bags and will experience a high price increase we will be disappointed, so it's better to keep some of the new coins we receive even though there are still 30% left, this is just my way that I have been doing so far.
A good strat indeed.
Leaving some would beneficial in case you described - and it's wise to be prepared for it ;D
A good action if it has been done because we also can't be sure whether the new coin will be able to develop or not, so there must be an alternative that is done in a way so that there will be no major losses that will be experienced later. By dividing the portion sold and held, it is hoped that the held portion can get a better value than the one that has been released, but if the price actually falls, there will be no total loss because some have been released first. This is just a strategy, and it is reasonable to do it for the good.

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Re: The impact of crypto on our lives
« Reply #500 on: September 12, 2024, 12:34:05 PM »
I only keep some of the new coins I receive, and keep some of them. I don't sell all the new coins I receive, because if the coins are bags and will experience a high price increase we will be disappointed, so it's better to keep some of the new coins we receive even though there are still 30% left, this is just my way that I have been doing so far.
A good strat indeed.
Leaving some would beneficial in case you described - and it's wise to be prepared for it ;D
A good action if it has been done because we also can't be sure whether the new coin will be able to develop or not, so there must be an alternative that is done in a way so that there will be no major losses that will be experienced later. By dividing the portion sold and held, it is hoped that the held portion can get a better value than the one that has been released, but if the price actually falls, there will be no total loss because some have been released first. This is just a strategy, and it is reasonable to do it for the good.

Yep, that's a full description of it, basically. Thanks for sharing it!
It's done to minimize the risks of being left out of the boat with the coin you don't believe fully is going to do well.

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Re: The impact of crypto on our lives
« Reply #501 on: September 12, 2024, 11:43:19 PM »
I only keep some of the new coins I receive, and keep some of them. I don't sell all the new coins I receive, because if the coins are bags and will experience a high price increase we will be disappointed, so it's better to keep some of the new coins we receive even though there are still 30% left, this is just my way that I have been doing so far.
A good strat indeed.
Leaving some would beneficial in case you described - and it's wise to be prepared for it ;D
A good action if it has been done because we also can't be sure whether the new coin will be able to develop or not, so there must be an alternative that is done in a way so that there will be no major losses that will be experienced later. By dividing the portion sold and held, it is hoped that the held portion can get a better value than the one that has been released, but if the price actually falls, there will be no total loss because some have been released first. This is just a strategy, and it is reasonable to do it for the good.
diversify on several potential coins to increase our chances of getting profit so we will not lose much if there is one coin that will make us lose, because the loss will be covered by other coins. We know that choosing a good coin requires good research and this must be done before buying the coins. but choosing top coins is the most appropriate and safe way. It is highly discouraged to hold new coins, because we do not know the potential in the future will persist or will experience a sharp decline.

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Re: The impact of crypto on our lives
« Reply #501 on: September 12, 2024, 11:43:19 PM »


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Re: The impact of crypto on our lives
« Reply #502 on: September 12, 2024, 11:47:46 PM »
diversify on several potential coins to increase our chances of getting profit so we will not lose much if there is one coin that will make us lose, because the loss will be covered by other coins. We know that choosing a good coin requires good research and this must be done before buying the coins. but choosing top coins is the most appropriate and safe way. It is highly discouraged to hold new coins, because we do not know the potential in the future will persist or will experience a sharp decline.
Yep. Diversification is good as long as we know to choose good coins. I usually only diversify my assets into few top coins. It is also easy to analyze top coins because we have enough data about them. Even for some coins such as Bitcoin and Ethereum, we even don't need to do a research. I only suggest that we don't diversify into random coins because it just lower the chance of potential profits.  ;)

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Offline satpol_PP

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Re: The impact of crypto on our lives
« Reply #503 on: September 13, 2024, 09:59:15 AM »
diversify on several potential coins to increase our chances of getting profit so we will not lose much if there is one coin that will make us lose, because the loss will be covered by other coins. We know that choosing a good coin requires good research and this must be done before buying the coins. but choosing top coins is the most appropriate and safe way. It is highly discouraged to hold new coins, because we do not know the potential in the future will persist or will experience a sharp decline.
Yep. Diversification is good as long as we know to choose good coins. I usually only diversify my assets into few top coins. It is also easy to analyze top coins because we have enough data about them. Even for some coins such as Bitcoin and Ethereum, we even don't need to do a research. I only suggest that we don't diversify into random coins because it just lower the chance of potential profits.  ;)

DWYOR
Good advice dude. I agree with you we should not diversify on random coins that we do not understand the character and potential of the coin. I also choose top coins as my choice coins to diversify my crypto investment. choosing top coins is easier because there is a lot of data and many references that we can use before deciding to buy the coins.

Offline luckyledger

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Re: The impact of crypto on our lives
« Reply #504 on: September 13, 2024, 12:57:24 PM »
diversify on several potential coins to increase our chances of getting profit so we will not lose much if there is one coin that will make us lose, because the loss will be covered by other coins. We know that choosing a good coin requires good research and this must be done before buying the coins. but choosing top coins is the most appropriate and safe way. It is highly discouraged to hold new coins, because we do not know the potential in the future will persist or will experience a sharp decline.
Yep. Diversification is good as long as we know to choose good coins. I usually only diversify my assets into few top coins. It is also easy to analyze top coins because we have enough data about them. Even for some coins such as Bitcoin and Ethereum, we even don't need to do a research. I only suggest that we don't diversify into random coins because it just lower the chance of potential profits.  ;)

DWYOR
Good advice dude. I agree with you we should not diversify on random coins that we do not understand the character and potential of the coin. I also choose top coins as my choice coins to diversify my crypto investment. choosing top coins is easier because there is a lot of data and many references that we can use before deciding to buy the coins.

Older coins should be the backbone of any portfolio, in my opinion. Of course, if you want less risks attached to the investments made. That's my view on it.

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Re: The impact of crypto on our lives
« Reply #505 on: September 16, 2024, 04:53:14 PM »
Yep. Diversification is good as long as we know to choose good coins. I usually only diversify my assets into few top coins. It is also easy to analyze top coins because we have enough data about them. Even for some coins such as Bitcoin and Ethereum, we even don't need to do a research. I only suggest that we don't diversify into random coins because it just lower the chance of potential profits.  ;)

DWYOR
The primary goal of diversifying a cryptocurrency portfolio is to minimize risk by allocating most of the capital to assets that have genuine value in the market such as BTC and ETH. However, many investors misunderstand this and see portfolio diversification as taking advantage of every market trend to generate large profits through the snowball effect - using profits from one trend to reinvest in the next.

The cryptocurrency market has forced many financially naive individuals to learn about how the economy works, think more about inflation, and start considering diversifying their assets beyond just real estate, stocks, and bank savings. Crypto has truly had a massive impact on all of us, prompting us to seek knowledge to gain profits from the market ^^
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Offline yohananaomi

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Re: The impact of crypto on our lives
« Reply #506 on: September 17, 2024, 07:22:31 AM »
-snip-
I also choose top coins as my choice coins to diversify my crypto investment. choosing top coins is easier because there is a lot of data and many references that we can use before deciding to buy the coins.
As a wise person and already understand, of course, what is done is to find the best. Choosing the best coin is quite easy to do because there are facilities available at CMC or CGK and just adjust it to the funds we have and where we will direct the funds. them of course, the choice is the best ranking and potential, because they have proven their abilities so far and are reasonable to be chosen as an investment.

Offline luckyledger

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Re: The impact of crypto on our lives
« Reply #507 on: September 17, 2024, 07:28:51 AM »
-snip-
I also choose top coins as my choice coins to diversify my crypto investment. choosing top coins is easier because there is a lot of data and many references that we can use before deciding to buy the coins.
As a wise person and already understand, of course, what is done is to find the best. Choosing the best coin is quite easy to do because there are facilities available at CMC or CGK and just adjust it to the funds we have and where we will direct the funds. them of course, the choice is the best ranking and potential, because they have proven their abilities so far and are reasonable to be chosen as an investment.

I do agree, that with those coins, time would be the biggest thing to stake - and the profits won't be - that - big without big initial capital, but it would be reliable and stable in the long run.
It's essential to consider all the factors in place when investing in any coin, but especially - in the relatively new ones.

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Re: The impact of crypto on our lives
« Reply #508 on: September 17, 2024, 08:22:19 AM »
-snip-
I also choose top coins as my choice coins to diversify my crypto investment. choosing top coins is easier because there is a lot of data and many references that we can use before deciding to buy the coins.
As a wise person and already understand, of course, what is done is to find the best. Choosing the best coin is quite easy to do because there are facilities available at CMC or CGK and just adjust it to the funds we have and where we will direct the funds. them of course, the choice is the best ranking and potential, because they have proven their abilities so far and are reasonable to be chosen as an investment.
choosing a coin to buy by studying from CMC or coingecko is indeed easier but it is better to make observations by analyzing the coins. because we should buy coins even though they are top coins we must understand the character of the coins if we want to use them for trading. because the character of each coin is different in responding to market changes.

Offline royalRitta

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Re: The impact of crypto on our lives
« Reply #509 on: September 17, 2024, 08:48:01 AM »
-snip-
I also choose top coins as my choice coins to diversify my crypto investment. choosing top coins is easier because there is a lot of data and many references that we can use before deciding to buy the coins.
As a wise person and already understand, of course, what is done is to find the best. Choosing the best coin is quite easy to do because there are facilities available at CMC or CGK and just adjust it to the funds we have and where we will direct the funds. them of course, the choice is the best ranking and potential, because they have proven their abilities so far and are reasonable to be chosen as an investment.
choosing a coin to buy by studying from CMC or coingecko is indeed easier but it is better to make observations by analyzing the coins. because we should buy coins even though they are top coins we must understand the character of the coins if we want to use them for trading. because the character of each coin is different in responding to market changes.

I do agree. Using sources like CMC is good, but it's also important to create your own opinion on the coin from the facts you may find while thinking about investing in it.
That is, your opinion shouldn't be clouded by shillers and people alike - you should judge solely on the metrics that are open knowledge and directly related  to it.

 

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