Can someone give me their take on terra Luna? I bought some at 135 and some more at 110, and want to know what kind of upside potential it still has
I recommend the following two channels/vloggers - seem to stand out from the rest - although, they focus mostly on Bitcoin, you might find something useful:
Andrei Jikh
Trader University
Right now CRYPTO IS IN A BUBBLE and the overall market sentiment is very negative.
While the stock market crash can happen at anytime, I think the crypto market can also go down Angel Falls and who knows where all cryptos will end up.
Take a short look at several trendy cryptos and you'll see how many kept falling back again and again and could not reach their previous heights.
One particularly important thing is to check the NEGATIVE REVIEWS, not the positive ones, whenever:
- you want to buy an assets or a product
- whenever you want to get hired for a job
The positives will always be there from people who have vested interest or, who are just emotionally delusional permabulls.
It's the negatives that uncover some of the most shocking things that might make you stay away. If those negatives are scarce or don't even show up, then you might want to buy in.
Negatives for some of the coins - that I noticed:
Hex:
- the owner looks like a pornstar and in one video he actually showed off a luxury apartment where he intended to "bring chicks"
- the way the guy dresses, the way he speaks reminds me of the singer from "The Offspring" from the late 1990's
NO TRUST
Litecoin:
- was the second most notorious crypto 10 years ago, many quoted each other claiming "Litcoin will be the silver of the crypto market" just like "Bitcoin will be the digital gold", but it's barely ever mentioned nowadays
- allegedly, even the founder/creator of Litecoin has left the coin - rendering it useless, in my opinion (but people still buy in and sell it off, therefore the waves on the charts)
Ripple/XRP:
- great ambitions, but allegedly the vast majority of the coins are owned by a small group of people with vested interests (founders etc.), meaning that at any time they can leave the project or, make a massive sell-off, pulling the carpet out from underneath... price can collapse
Many cryptos skyrocket after launch, because they are literally get-rich-quick schemes promoted to higher levels. The owners then cash in after the first spikes, after having promoted the coins at various conferences and other public events... most coins are like this nowadays. Most coins have this annoying pattern and you can see it by looking at the charts.
I think the vast majority of coins are not really used in transactions, they are merely traded like Doge or Shiba Inu. From this point of view, most of them are CRAP in a beautiful packaging.
Bitcoin, Monero, Ethereum are being used in many transactions, though... I am trying to guess the next Ethereum/Bitcoin-type coin...
