The market is subject to cyclicality, we are now in the dump stage and there are several reasons for this:

1 Withdrawal of huge sums from the market.

The amount of funds of NFT speculators is limited when a powerful sale occurs (Meebits in mid-May, Larva Labs collected and withdrawn $ 90M from the market) - the market freezes and goes into a dump.

2 The nature of speculation

NFT cycle: I bought it for cheap, the price soared 30 times, I sold it, I went to look for a new sparkling collection.

From July / August 2021, miners, influencers, as well as unethical teams began to interfere with the cycle.

Miners / MEV extractors: they saw that they can buy out almost the entire collection. Now a standing sale - gas for 5-6000 gui.

Miners buy up 30-50% of the collection, their cost per 1 NFT in terms of gas costs becomes 0.5-1 ETH, which forces the project to be dumped on the secondary in order to recoup costs.

Influencers: In keeping with the best traditions of 2017, crypto-twitters realized that you can manipulate the crowd, only unlike the ads for scam coins that you can grind for, in NFT - the shilling cycle is like: “Oh! cool art ", changes the avatar (while receiving several NFTs as payment), after waiting for a small pump, he drops the NFT below the market. Ale op, I have 5-10 ETH in my pocket, but the fact that the collection fell 3 times the next day - well, we are here behind beautiful avatars, it's impossible to accuse the influencer that you bought a JPEG for 0,13$.

Unethical team: some projects have mastered the development cycle:
- artist with FIVER, $ 500 for drawing art
- list of influencers compiled
- make givas on Twitter, so 5-10 thousand people will run into discord
- play 10% of places in WL for discord players
- 40% of WL places to distribute to your own, insiders
- to wash up the secondary sales market before the public mint (conduct deals for 1-2 ethers so that speculators rush to buy the collection in the hope of converting 0.05 ETH mint into 1-2 ETH profit at once)
- dump the market with insider NFTs, start coming up with a new collection - rhinos / lions / zebras / pandas / smoking babies / I think you get the logic.

3 Transferring money

After a powerful bull run on the cue ball in February-April 2021 - money flowed into dog meme-coins, Vitalik Buterin and the Chinese FUD cooled the market until July 2021, meme-coins fell by 90-95%, FTX is raising $ 900M of funding and practically in one person, the crypto market is deployed at the end of July 2021. Almost 30 days of non-stop growth, all alts doubled / tripled and went to transfer money into the hot topic of NFT.

Aug. Sept. The first collections take off, the NFT 10K collection collects a turnover of 5-10K ETH from the market, the market begins to fill with low-quality projects, miners, and scammers.

When collections cease to feel good in the secondary market after a couple of days, influencer pumps begin to disappear within 24 hours, capital starts to flow to where?

You read that right - back to the dog meme-coins (October 2021), here you have SHIBA INU for $ 45B and DOGE COIN for $ 40B.

Due to the rise of memecoins, the network, which favored the development of NFT in August-September (30-70 gwi average gas, put up for sale NFT - $ 25), due to dog madness - gas stably holds for weeks above 100 gwi, which means - put up for sale - $ 100-150, accept a bet - $ 200-300 - almost certain death for the NFT market.

Beginning of November: current state - the played SHIBA INU pump ends, wallets with $ 5B are in motion, degens receive a leisurely -50% free gift in a couple of days.

Gas will begin to drop by mid to late November and the market, fed up with meme coins, will carry its money into the shiny new NFT New Year collections.

And then, the cycle will repeat itself over and over again.


Translation from: DEFI Scam Check
https://t.me/Defiscamcheck

It is hard to say. For about half a year now, I have seen reports that the NFT market has blown away and the hype is over.
Nevertheless, we can observe the growth of NTF sites, for example, the site at the Polygon, the fastest growing site at the moment. I don’t think it’s over until the market is bullish, we will see the NTF rise.

It seems to me that now with the choice of the project everything has become more or less clear. If you don’t understand technology, then a very good factor in choosing a project is the quality and quantity of funds that have invested in the project. In fact, large funds are already giving the initial capital and start-up for the project, which allows you to be more or less confident in your choice.

I think yes. In order to be a good trader, you need to trade 24/7.
Many people forget that trading is no different from full-fledged work, and in order to be successful in trading, you must work as expected, giving yourself completely. This is a professional approach.

Technical analysis is not a panacea and it will not always give you 100% probability for any of the trades.
However, having studied it, you will have an understanding and an additional tool for working with the market. And sometimes you can really catch good movements only thanks to this analysis.

The point is to create the impression and all the conditions so that as many people as possible would want to part with their bitcoins due to fear, and then, having bought them, drive the price up, creating another excitement and fear of a different kind that people will not have time to jump into the last carriage, fear of lost profits.

POA

For someone, a correctly placed stop loss can really be a life saver, for someone it is a loss of profit when knocking out stops.
You should first of all study the instrument you are going to trade, and watch how often there are manipulative factors like knocking out stops in one direction or another and play based on this.

Not necessary. Firstly, you should think about why a person should lie to you or say that his wallet was hacked, for what?
I do not believe the developers and exchange owners who say that their wallets have been hacked, often they themselves can steal funds and present everything as hacking.
If we are talking about an ordinary person, then they really are most often hacked through their own fault.

The point is to create the impression and all the conditions so that as many people as possible would want to part with their bitcoins due to fear, and then, having bought them, drive the price up, creating another excitement and fear of a different kind that people will not have time to jump into the last carriage, fear of lost profits.

The main advice is not to ask for trouble and do not rush. First of all, you need to understand the basics of trading, understand the basics and how what works.
For this, a paper or demo account is ideal so that you cannot lose your money with little experience.

Binance is the number 1 exchange, it is obvious that it has very large and influential competitors, which means that competitors have a lot of money and desire to take Binance from the first place.
I'm not surprised that more and more FUD appears about Binance.

This also applies to bounty hunters.
After all, they first of all raise the legitimacy of the project due to the massive mention of the project in the information field, it is obvious that the more hype the project, the higher the likelihood that investors will invest money in it. Therefore, the task of bounty hunters is to study projects and expose scammers.

I vote for Ethereum, but in general it's pretty silly to split the portfolio into one coin.
Bitcoin is the flagship and Ethereum is also, both of which show great profit in the distance. In addition, Ethereum can now greatly change and increase its performance in value.
Diversify your portfolio, don't bet on one coin.

Considering all the latest news regarding the Ethereum update, I would invest in it.
One of the most attractive assets on the blockchain has become deflationary, a huge step.
As we can see, the commission is now prohibitively high, but this contributes to the burning of more Ether in transactions. Ultrasound money is on the way.

It all depends on what direction the cryptocurrency will have. It should be convenient, fast, and most importantly safe. It must be able to integrate into real life and be useful and comfortable for people.
In this case, such ecosystems will have a chance in the future.

Speed, convenience, safety, easy accessibility, low volatility, high liquidity, strong and sought-after technology.
I think with about such a set of qualities, the cryptocurrency of the future can exist and compete in the market.

The crypto market cannot be secure on its own. This is one of the most speculative markets in the world, how is it supposed to be safe?
It must be dangerous because it is in his nature. Even ordinary investments have a risk, and the crypto market is multiple times, especially altcoins.

In general, now all cryptocurrency projects have fallen in price in the same way, some a little more, some a little less.
Therefore, I do not think that the price factor should be fundamental here. First of all, it is worth trying to imagine which of the trends will be next, the last was DeFi and everyone was carrying money there, what's next?

Yes, it looks like you know who with some help.
However, it does not seem to me that this is a useful trend for cryptocurrencies, coins that can depreciate at any moment can seriously damage the reputation of a cryptocurrency.
I believe that people should know in advance all the necessary information about these coins and correctly assess the risks.