#DOT and #ALGO I am a buyer today purchasing another 1000 | BitcoinHODLed على Binance Square

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#DOT and #ALGO 
I am a buyer today purchasing another 1000 DOT to average up at $8.47 and ALGO averaged down with a buy price of $0.2721 as they broke their trends. what is everyone else buying or selling.

إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.

DOT

٤٫٨٣٩

-0.80%

ALGO

٠٫٢٢٦٦

-2.03%

2.2k

0

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The Binance effect on #TRUMP Everytime a new coins gets released on Binance, it seems a lot of people jump on the train expecting huge gains, which happened with Trump coin yesterday. You see post after post of people buying into the hype, while others are exiting from their purchase prior to getting listed. The following day post after post is I lost all my money on this coin it's a scam. This usually happens close to the price bottoming out, well surprise this is when the people that originally bought in start putting some profits back in. I myself did buy in yesterday, but caught the dip at about $24, I was selling at max hype taking out my original investment plus some profits. This morning, everyone has gone broke and are probably scared of crypto, and you should be. You probably lost a big chunk of money. When I woke up, I noticed the price leveling out and changing directions as most people have probably exited, already taking losses with them. Well, guess what? I was able to redeploy my gains back in, in increments to catch an average of about $35.50 deploying about 20 Sol, which I made off of the coin everyone is calling a rug. The president didn't rug his coin. In fact, they are very transparent on when they will be selling back into the market, with the first tranche starting in 3 months. The first tranche is actually quite small and the largest one being in about 3 years. Moral of the story is be patient and watch the trends, don't buy the hype, buy the blood from the streets when the pain is the loudest and don't put your whole wad in at once, buy in bits to average in. It's not about getting the absolute bottom, it's about making sure you have enough integrity to prevent buying into the next big drop.

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#TRUMPOnBinance I foolishly aped in on #Trump with 20 Sol at $24 yesterday and realized I was up $25k when I woke up and I'm not selling... the token allocation is what did it for me as the last 85% of the tokens will be rolled out over the next 3 years with only 8% being distributed in 3 months. To me buying SOL and Trump was a no brainer... The president elect could never get away with a rug, plus many of his faithfuls are probably all in on this thing. For Solana, you couldn't get a better endorsement than the president putting out memes on your chain, so I loaded the boat.

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#TrumpCountDown My gains this year have been life changing, and we haven't really even started yet. #ALGO #ADA #AVAX #DOT

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There are so many panic posts today! while everyone is freaking out because they are losing money, I'm continuing to do what I have done for the last ten years. Buy the dip and hold. I am not looking to get rich today, I use my holdings for a reserve asset for my businesses and my personal growth as I choose not to hold fiat. My strategy is to grow long-term until I don't need to stack anymore, and my generational tree has succeeded. I have never lost money holding Bitcoin for periods of 4 years or more. I use my holdings when business is slow or I need extra money, but instead of traditional saving models, this is how I chose to save my money and grow. I also see people going all in on memes this is possible cause for panic and if you are looking for a get rich fast scheme you are probably just as likely to hit all in on black at the roulette tables. Remember, it is healthy for consolidation periods and dips to set up support for further price actions. The longer the consolidation periods, the bigger the squeeze.

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Algorand has the potential to be a top 10 blockchain due to several key strengths: * Scalability and Speed: Algorand utilizes a unique Pure Proof-of-Stake consensus mechanism that enables incredibly fast transaction speeds and high throughput. This is crucial for real-world applications that require quick and efficient processing. * Security: Algorand's consensus mechanism prioritizes security by ensuring that all participants in the network agree on the order of transactions. This minimizes the risk of fraud and double-spending. * Decentralization: Algorand aims to achieve a high degree of decentralization, meaning power is distributed among many participants rather than concentrated in the hands of a few. This enhances the platform's resilience and security. * Sustainability: Algorand's Proof-of-Stake mechanism is significantly more energy-efficient than Proof-of-Work systems like Bitcoin, making it a more environmentally friendly option. * Developer-Friendly: Algorand offers a robust and developer-friendly platform with a growing ecosystem of tools and resources. This makes it easier for developers to build and deploy decentralized applications (dApps) on the network. * Real-World Applications: Algorand is actively pursuing real-world applications in various sectors, including finance, supply chain management, and identity verification. This practical focus can drive adoption and increase the value of the network. However, it's important to note that: * Competition: The blockchain space is highly competitive, with established players like Ethereum and newer entrants vying for market share. * Market Volatility: The cryptocurrency market is inherently volatile, and the price of ALGO (Algorand's native token) can fluctuate significantly. * Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is still evolving, and changes in regulations could impact Algorand's growth. Disclaimer: This information is for general knowledge and informational purposes only. #ALGO

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