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Fandom Token purchased from Probit Global as USDT,
is it better to change it to USDT when fandom Token grows?
Or is it better to buy more fandom when USDT grows?
Please give me some advice.
First of all, USDT will not grow as it is a stable coin, so its price is always about 0.98-1.02$. Secondly, I see that fandom token is one more shitcoins with very low trading volume (about 10000$) that is falling now (-10%) so if it will grow, you had better sell if you manage to do so, as this tokens has low liquidity. I even didn't find it on coinmarketcap so as to check its rank.is it better to change it to USDT when fandom Token grows?
Or is it better to buy more fandom when USDT grows?
Please give me some advice.
Re: Three Great Alternative Blockchains with Really Low Transaction Fees
Personally I also switched to alternative chains because of high transaction fees on Ethereum. I use Binance Smart Chain, Polygon, Tron, Avalanche. All of them have developed ecosystems, so I can find projects from all branches and for all need including NFT-projects, games, Defi-projects, different wallets, oracles, aggregators and bridges for interacting with other chains.
Actually, the hype around NFT-gaming and metaverse is still on, so I continue following projects from this sphere. The undisputed leader is Axie Infinity so I think that interacting with this platform is still profitable. If you are interested in playing this game, you will earn SLP by playing the Axie Infinity game. It is like experience points.And then you can use them to breed new digital pets that are known as Axies.
What's your reason for still holding the meme coin in your wallet, and when do you intend selling it all off to buy a more purposeful coin or token. Are you holding just because of the hype, or do you have any analysis be it technical or fundamental technique that is giving you a go ahead signal to hold more or the hype is doing the work for you.
For now I still have the meme coin (DOGE), I purposely didn't sell it out when the price was $0.7 at that time, but of course I hope the rest of my savings memes can make it to $1 or $2 in the coming year, that's the reason I'm saving memes for now.What is more, what is trigger for them to grow so significantly in the long-term? They don't have anything fundamental under them. But hype can't support the price all the time.
Do you think NFTs are overhyped? If not, why? Your input will be greatly appreciated. Thank you.
Main question about my plan is it safe or not keeping usdt for months?
USDT is the most popular option. First of all, it has the biggest trading volume from all stable coins so it is very liquid. Secondly, it has the biggest number of pairs on different exchanges so you can freely change it without long-long routes. I also accumulate exactly USDT when I quit for the time of bear market so as to enlarge my portfolio on the dip. But if you need to hold a big sum of money, you should consider creating a basket of different stable coins.If you want to invest in altcoins for the long-term you should consider some fundamental tokens that have real use-cases and good projects under them. First of all, consider tokens of different alternative chains such as Fantom, Polygon, Polkadot, BSC, Near etc. If you are tolerant to risks, pay attention to tokens from gaming sphere and metaverse as they are very trendy now.
Actually, this web-site could be hacked or scammed, so you had better not connect your wallet to it. There are a lot of yeild farming and staking platforms so you definitely need to search a bit more and find something more reliable. Personally I use Pancake swap on Binance smart chain and quick swap on Polygon to stake and farm.
While the activity in crypto market is so high, I don't think that any exchanges can offer you better conditions. Nevertheless, you can get some bonuses from exchanges so as to withdraw your money with lower commissions. As for exchange with the smallest fees, I know about FTX. As far as I am aware, it offers the best conditions.
I don't think that it is sensible to invest in meme coins especially now, when bear market is about to start. What is more, I don't think that coins that are just trendy,but don't have any real use-cases are likely so survive in the long term. They will not be used for something really important and as a result they will not be in demand, so nothing will support their price.
Don't be influenced by projects that are hype, we really need to know that hype can't last long, if we rely on temporary projects, it's feared that we will experience big risks in the future, look at projects that have a good level and stability that has opportunities in the future, don't be in a hurry to take part in hype projects, there are still many projects that we can participate in at this time, instead of doing and sticking to the hype.
You are right, we had better follow some fundamental projects that have something unique and valuable to offer to crypto community. There are a lot of useless coins that don't give any utility to the market and we had better stay aside from them. Nevertheless, we need to track what is in trends now and look for projects from spheres that have hype now. Do you invest in young and just starting projects?
It is up to your strategy. If you are a trader and don't like to wait, investing in new projects is not your way. Usually, it takes more than a half of the year to have your money unlocked so you have to be patient in terms of new projects. Personally, I follow the strategy of investing in new projects, but we have to investigate them very closely before investing.There are some popular projects that still don't have their native tokens so we are to expect that they are likely to happen in the future. Paraswap is a serious project, it is one of the best DEX aggregator. I use it on my own, I think that now is the high time to increase your activity on this platform so as to get airdrop of their token that has been practically launched.
Usually, teams of such projects have some tokens of this project on their wallet so when the price pumps they can sell a bit and get profit. Their portion differs from project to project. You can find thin information in their tokenomics in whitepaper. Also you can check the folder "Holders" on Etherscan/BSC scan. If one wallet has too much token, it's a dangerous project.
I think that when renewable energy will be widely used even to mine Bitcoin. People will be more calm and optimistic about Bitcoin. While it is being mined consuming so much dirty energy that pollutes our environment, there are a lot of people and organisation that are against crypto, but I think that it will become greener soon and people will change thier tune.
Up to this day it is true. When the market is overheated there must be a correction so when the price goes up too high it will crash then. If we look at the chart, Bitcoin is in a global bull trend, it means that the next high will be higher than previous. The thing is that after such a significant growth from 30K in July to 66K in November, it must be a correction soon.
Re: How you deal with your emotions after losing a lot of money on rug pulls?
I know it isn’t easy for us to get over or move on with these rug pulls, but I wanna ask the community here. For the past few months, I’ve experienced the “expect the unexpected” moments without warning. To be honest, I have accumulated losses of more than $2,000 in failed meme coins, shitcoins, play-to-earn games that ended up being rug pulled.
I am aware of the risks and the amount that I can afford to lose, but it’s just that I find it hard to make that money back that I have hardly earned. But good thing I didn’t go all-in with my entire savings, and that’s a good thing. I just can’t resist myself from being emotional despite that I’m aware of the risks, and my heart was emotionally hurt too.
I wanna hear from you guys on how you deal with these rug pulls after losing huge amounts? Like how many days can you get back on track after being so emotional? Or what you’ve been doing in order to move on faster after you lost money on these rug pulls?
I am trying to be easygoing in terms of losing so even when projects that I have invested in turn out to be scams or they are hacked. I just don't care about this and continue working. So as to take losses calmly you should invest money that you can afford to lose. What is more, it is nessasary to power close researches before investing so as to decrease risks. I am aware of the risks and the amount that I can afford to lose, but it’s just that I find it hard to make that money back that I have hardly earned. But good thing I didn’t go all-in with my entire savings, and that’s a good thing. I just can’t resist myself from being emotional despite that I’m aware of the risks, and my heart was emotionally hurt too.
I wanna hear from you guys on how you deal with these rug pulls after losing huge amounts? Like how many days can you get back on track after being so emotional? Or what you’ve been doing in order to move on faster after you lost money on these rug pulls?
I consider Bitcoin to be rather an asset than a currency. It can't be used as a means of payment in my country so far, so I can only invest in Bitcoin without an opportunity to buy something with it, so I take it as an investment tool for passive income in the long-term. On the other hand, when Bitcoin will be accepted more widely, I think I will take it is a currency as well.
If there was not be an opportunity to mine Bitcoin any more, it would mean that Bitcoin's blockchain is locked as without miners, transactions can't be added to blockachain and as a result they can't be completed. But I don't think that all countries are likely to forbid Bitcoin mining. Even if it is widely applicable there will be countries that will still mine Bitcoin as it yields good profit to them.
Hi everyone. I am planing to invest 30 000usd. The money will NOT be devided, the whole amount will be invested in just one coin/token
So which one should i choose, any 10x coin for the future?
Thanks for your advices.
Edit:Thanks a lot guys.I have plenty of other coins,as well.So i would like to invest in a single project or token otherwise the profil is not like i've expected.Thanks a lot for all the advices.
Polkadot is the best altcoin as for now I think.It will be a trend in the nearest future because of parachains' auctions. I predict that its price will be around 60$ in the nearest future. Positive situation in the crypto market increases demand and interest in DOT, taking into account a huge number of partners and investors and projects that want to have a place in the blockchain auction.So which one should i choose, any 10x coin for the future?
Thanks for your advices.
Edit:Thanks a lot guys.I have plenty of other coins,as well.So i would like to invest in a single project or token otherwise the profil is not like i've expected.Thanks a lot for all the advices.