I think AVAX will do a 30x - change my mind

Good time to buy more Avax it seems. What's your opinion OP? Will it go further down? IMO Avax under $100 is literally a steal (Not a financial advise, DYOR).
 
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bartosimpsonio said:
Avalanche is 100x faster, 1000x cheaper to use than Ethereum

Fees are fixed at 0.001 forever. You can send and receive AVAX paying 1/1000 of a coin.

It does smart contracts, which Cardano doesn't.

When you send an AVAX coin it arrives in 2 to 3 seconds max. Fastest crypto out there.

So, what's keeping this coin from reaching Ethereum market value? If it does reach Ethereum valuation, it means a 30x multiple of current price.

I can't see the hole in this idea. Seems kinda obvious to me? Change my mind?
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Faster and cheapter? Why not solana? Even cheaper than AVAX.
 
bartosimpsonio said:
Avalanche is 100x faster, 1000x cheaper to use than Ethereum

Fees are fixed at 0.001 forever. You can send and receive AVAX paying 1/1000 of a coin.

It does smart contracts, which Cardano doesn't.

When you send an AVAX coin it arrives in 2 to 3 seconds max. Fastest crypto out there.

So, what's keeping this coin from reaching Ethereum market value? If it does reach Ethereum valuation, it means a 30x multiple of current price.

I can't see the hole in this idea. Seems kinda obvious to me? Change my mind?
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why not xlm? it's the fastest and cheapest crypto I know
 
I've been out of the market since the previous ATH for bitcoin, it just looked too much like 2018 crash. Typically by breaking through ATH we would see a pretty strong pump, but it seems like there are not enough people willing to buy at those high prices. Bitcoin if it continues with this downtrend will drag down the alt market too... and if you look at the daily chart on BTC it has broken a pretty long trend, indicating a potential reversal.

I think crypto will have a short recovery but continue dumping until next year. But its just my analysis :D

Releasing a technical analysis guide soon for the degenerates soon lol

AVAXBTC_2021-12-09_01-28-25.png
 
Alright I think I might buy back into AVAX in the coming weeks.

I'm hearing it might become the Ethereum substitute for smart contracts. It actually runs ETH contracts, so migration is just a click away.
 
Another ETH killer.. what a surprise ...

Keep on mind that most whales are sitting at average price of 2$ the project is basically new with lot of HYPE going on.

Is it good project to invest? Might be.. But is absolutele craziness to invest in the HYPE.

NFA
 
xplosiv said:
I've been out of the market since the previous ATH for bitcoin, it just looked too much like 2018 crash. Typically by breaking through ATH we would see a pretty strong pump, but it seems like there are not enough people willing to buy at those high prices. Bitcoin if it continues with this downtrend will drag down the alt market too... and if you look at the daily chart on BTC it has broken a pretty long trend, indicating a potential reversal.

I think crypto will have a short recovery but continue dumping until next year. But its just my analysis :D

Releasing a technical analysis guide soon for the degenerates soon lol

View attachment 194616
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Technical analysis? I hope you're trolling.
 
AVAX will be listed on Kraken on Dec 21st
 
CyberHour said:
Another ETH killer.. what a surprise ...

Keep on mind that most whales are sitting at average price of 2$ the project is basically new with lot of HYPE going on.

Is it good project to invest? Might be.. But is absolutele craziness to invest in the HYPE.

NFA
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Just ride the wave with the whales and short when you see the sign. You don't have to hold for the long run
 
reaaski said:
Technical analysis? I hope you're trolling.
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No, I've studied technical analysis and risk management from professional traders for past few years lol. I know it works, of course charts don't always play out perfectly but you can lose most of your trades and still be profitable i you know what you're doing. I've switched my bias to bearish now. I lost a shit ton of money before learning professional strategies, so I'm recouping but now I have a consistently profitable strategy.
 
xplosiv said:
No, I've studied technical analysis and risk management from professional traders for past few years lol. I know it works, of course charts don't always play out perfectly but you can lose most of your trades and still be profitable i you know what you're doing. I've switched my bias to bearish now. I lost a shit ton of money before learning professional strategies, so I'm recouping but now I have a consistently profitable strategy.
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Technical analysis can't tell what happens next year. And if you studied it, you should know we are still in a bull market unless BTC goes below $42k.
Have you ever done on-chain analysis? BTC is going out of exchanges and into wallets (bullish), and its hash rate is pretty much at ATH (bullish).
Fundamental analysis is also stronger than ever. Plenty of institutions and big companies are embracing crypto and recognizing it as a safe investment.
We may continue dipping for a while, but eventually the bull run will continue. I'm bullish on the long term.
 
R4v3nbl4ck said:
Technical analysis can't tell what happens next year. And if you studied it, you should know we are still in a bull market unless BTC goes below $42k.
Have you ever done on-chain analysis? BTC is going out of exchanges and into wallets (bullish), and its hash rate is pretty much at ATH (bullish).
Fundamental analysis is also stronger than ever. Plenty of institutions and big companies are embracing crypto and recognizing it as a safe investment.
We may continue dipping for a while, but eventually the bull run will continue. I'm bullish on the long term.
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Yeah, well by that logic every market is a bull market forever because the prices will eventually go up, whether its days, weeks, years.

I have gotten good at different styles of trading like scalping, day trading, and swing trading but my preference for the time being is day trading... taking profits at small recoveries for longs, and shorting on major resistance levels. I scalp when the market is doing fuck all like the last few days lol. I rarely use fundamental analysis in my trading and do just fine not knowing what 90% of coins even do lol. The vast majority are never going to amount to anything or gain the traction that ETH and BTC have had for a long time now. CRO for example was clearly looking to break out, and I knew it would be crazy if it did because on the CROBTC chart, there was pretty much no resistance all the way to 1400-1500 sats. Then when the staples center actually got purchased (I had no idea this was going to happen), it pumped exactly to target. Its not the first time either that TA shows you some big event will happen in the future lol.

Yeah, it cant tell you exactly whats going to happen in the next year. But you can have a pretty good idea and be prepared to execute when its time. If you lose the trade, its just part of the game. As said risk management is everything in trading, not just what you see through TA.
 
AVAX was a surprise for sure but I think it reached its limit for this cycle, the hype will die down
 
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