Thanks to massive adoption by banks and a notoriously fanatical community, the price of xrp is unstoppable even when others are undergoing severe corrections.
Money is one of the greatest inventions throughout human civilization, but in the end it became a global disaster, creating economic disparities that are too severe everywhere, making many people lose their rights as humans to live humanely. All of that is because money has been engineered, money no longer represents 'something' that really has value, since 1971 globally money has begun to be printed arbitrarily and has become a tool of robbery that is legalized by syndicates of countries in the world.
Digital currency is a combination of computer and internet technology that has globalized, cryptography, and the principle of decentralization, is a revolutionary movement about money. Money returns to its basic function as a means of exchange that represents purchasing power and evolves into a digital form and is safer according to the needs of its time.
And the criteria for revolutionary money is currently only owned by Bitcoin, because only bitcoin was created anonymously from the beginning, not a company, from the beginning it was mined with hash power, its supply will never change at any time and the difficulty of mining it continues to increase. While other cryptocurrencies are by-products that still refer to bitcoin.
That is why many large institutions have become bitcoin maximalists, because they know how valuable bitcoin will be in the future. Most miners are just like factories, they only calculate current profits, taking advantage of the difference in the selling price of bitcoin and its production costs.
I have known bitcoin since the beginning, at that time the price of bitcoin was only around $ 0.1 and buying it was very difficult, most bitcoin transaction was based on trust alone. From the beginning I read the bitcoin whitepaper I was amazed, and felt that this was the beginning of a great revolution, a global solution to repair the damage caused by the corrupt world financial system. Maybe in the future, having 0.001 bitcoin will be enough to live a prosperous life for life. Who knows if we'll live to see it.
If history always repeats itself, then the economic rulers in the past and in the financial market today are historians. But it turns out they are not.
Sometimes history repeats itself because humans tend to be forgetful and have difficulty learning from mistakes.
But sometimes something new also appears, a revolution, which in the future will also become history that will not necessarily be repeated.
Appreciate the past and learn from it, live the present as best you can, and prepare for a future that may not be imaginable at this time.
I feel sad to see many posts from traders who were liquidated, and most of them lost all their capital.
Trading as a beginner who is still learning and entering the financial market with a margin account is a bad move. I've been through it. If only time could be turned back, it would be better to start a career as a trader from the stock market first. Because that's the easiest.
Trading with a highly leveraged margin account is not for beginners at all, and only a handful of veteran traders can really get used to it. Because besides having to be accurate, your heart must also be strong. It's not just your capital that you risk but also your health.
There was a real incident where a colleague who was a scalper trader died of a heart attack while trading.
Life is simple, why do so many people make it difficult. There is a motto from an experienced trader on the forex factory forum that I always remember: "Keep It Simple Stupid" Apply it to your trading analysis system, your money management, how you enter and exit the market, etc.
Learning always requires sacrifice of money and time, it applies from when we enter school until we enter the world of trading.
I personally have a principle, when I make a mistake I will evaluate whether there is something I can learn from the mistake, if there is then I consider it an investment not a loss. But if there is nothing we can learn from our mistakes, then it is truly a loss.
Strategies for Dealing with a Declining Crypto Market
A declining crypto market can be challenging for investors. However, with the right strategy, losses can be minimized and opportunities can be exploited.
Before Taking Any Action, you should 1. Stay Calm: Do not be influenced by emotions and panic. 2. Evaluate Portfolio: Review your portfolio and identify the assets that are most affected. 3. Understand the Cause of the Decline: Analyze the causes of the market decline to predict future price movements.
Short-Term Strategy 1. Stop Loss: Set a stop loss to limit losses. 2. Hedging: Use a hedging strategy to reduce risk. 3. Partial Sell: Sell part of an asset to reduce losses. 4. Buyback: Buy back the same asset at a lower price. If you are really sure that the asset will strengthen again in the future.
Long-Term Strategy 1. Diversification: Spread investments across various crypto assets. 2. Gradual Investment: Invest gradually to reduce risk. 3. Risk Management: Manage risk by managing asset allocation. 4. Monitor the Market: Continuously monitor market conditions.
Additional Tips 1. Educate Yourself: Learn the basics of crypto and technical analysis. 2. Consult an Expert: Get advice from a financial expert. 3. Don't Overinvest: Invest according to your financial ability. Don't gamble and go all in on the market. Investing is not gambling, and the market is not a casino. 4. Stay Focused: Don't get influenced by market sentiment.
Warning 1. Investing in crypto is high risk. 2. Make sure to do your own research before investing.
Be fearful when people are greedy. And be greedy when people are fearful.
In my personal opinion, the current increase in bitcoin hashrate is a strong fundamental signal that a bull cycle is about to occur.
And technically bitcoin is also ready to explode because structurally the market is still valid for bullish and there is no valid bearish structure. Even if there is, it only occurs in low timeframes which can be categorized as noise.
On-chain data also mostly shows a bullish trend.
Meanwhile, international politics are currently more positive for bitcoin.
So I am confident to continue buying bitcoin. Of course with spot trading, not with margin trading.
It's not that I'm against trading with margin, I also trade forex which of course is done with margin. But for crypto I feel better trading with spot for many reasons. And the main reason is because I see crypto as a combination of commodities and company stocks which should be treated as such.
Because trading with spot I don't need to be too accurate, I just need to set my average cost to stay good.
And things like that are also done by large institutions. They don't care about all the noise that occurs in the market.
“Simplicity is the ultimate sophistication” (Leonardo Da Vinci) #TrumpBTCBoomOrBust
When Bitcoin was $1 people thought it was too expensive, they looked away, then the price of bitcoin became $10.
When Bitcoin was $10 people thought it was too expensive, they looked away, then the price of bitcoin became $100.
When Bitcoin was $100 people thought it was too expensive, they looked away, then the price of bitcoin became $1000.
When Bitcoin was $1000 people thought it was too expensive, they looked away, then the price of bitcoin became $10000.
When Bitcoin was $10000 people thought it was too expensive, they looked away, then the price of bitcoin became $100000.
And now at this moment the price of bitcoin is in the range of $100000, will you still be like most people? While the bitcoin maximalists believe that bitcoin is even worth millions of dollars per coin.
Your life is your decision. Your destiny today is a series of all the life decisions you have chosen in the past. Your future destiny is the result of your current choices.
No matter how much expert analysis, on-chain data metrics, and future price projections, it will not guarantee what decision you will choose. These are all speculations that will test yourself. The decision is yours. DYOR
Binance Mega Drop SOLV: A Great Opportunity for Users
Binance, the world's largest crypto exchange platform, recently launched the "Mega Drop" program for the SOLV token. This program offers a great opportunity for users to earn significant profits.
What is SOLV? SOLV is a utility token developed by Solv Protocol, a DeFi (Decentralized Finance) platform that allows users to borrow and lend digital assets.
SOLV Mega Drop Program Details: 1. Period: [1-07] - [1-17] 2. Total Prize Pool: 588 M+ SOLV 3. How to Participate: - Follow the instructions on the binance Mega Drop program.
Terms and Conditions: - Users must be 18 years or older. - Users must meet the Know-Your-Customer (KYC) verification requirements. - Lock BNB in the megadrop program. - follow and complete Web3 quests
SOLV Mega Drop Program Benefits 1. Rewards: Users have the opportunity to earn SOLV rewards. 2. Liquidity Enhancement: This program increases the liquidity of SOLV tokens. 3. DeFi Promotion: This program promotes the use of DeFi technology.
Warning 1. Investing in crypto carries high risks. 2. Be sure to do your own research before investing. 3. Consult a financial expert before making any investment decisions.
Bitcoin Hashrate Surge: Improving Network Security and Efficiency
Bitcoin's hashrate, a measure of the computing power of the Bitcoin network, has seen a significant increase in recent months. This increase affects the security, efficiency and potential price of Bitcoin.
Causes of Hashrate Surge: 1. Increased number of miners: Increasing number of miners joining the network.
2. Increased hardware efficiency: Development of more efficient mining technology.
3. Increased Bitcoin price: Increasing Bitcoin price makes mining more profitable. Encouraging more miners to participate.
4. Network development: Improved network infrastructure and technology development.
Impact of Hashrate Surge: 1. Network security: Increases the difficulty of carrying out a 51% attack on the network. This means that the Bitcoin network is becoming more secure.
2. Transaction efficiency: Increases transaction speed and efficiency.
3. Network stability: Increases network stability and resilience.
4. Price impact: Potential to increase Bitcoin price even higher.
Bitcoin Hashrate Statistics: 1. Current hashrate: 300-400 EH/s (Exahash per second). 2. 50% increase in the last 6 months. 3. Number of active miners increased by 20%.
Future Projections: 1. Hashrate will continue to increase. 2. Development of more efficient mining technologies. 3. Increasing adoption of Bitcoin as a means of payment. 4. Potential increase in Bitcoin price.
Warning 1. Investing in crypto carries a high level of risk. 2. Be sure to do your own research before investing. 3. Consult a financial expert before making any investment decisions.
A crypto rebound strategy is an investment technique that takes advantage of market momentum to buy crypto at a low price and sell it at a high price. This strategy requires a deep understanding of the crypto market and technical analysis skills.
Types of Rebound Strategies
1. Rebound from Support Level: Buy crypto when the price hits a support level and predict a rebound.
2. Rebound from Chart Patterns: Identify chart patterns such as head and shoulders, triangle patterns, or pennant patterns to predict a rebound.
3. Rebound from Technical Indicators: Use technical indicators such as RSI, Bollinger Bands, or Moving Averages to predict a rebound.
Steps of a Rebound Strategy
1. Fundamental Analysis: Understand the foundation of crypto, including the technology, development team, and market potential.
2. Technical Analysis: Use charts and technical indicators to predict price movements.
3. Crypto Selection: Choose crypto with high rebound potential(example : top 10 crypto in marketcap) .
4. Stop Loss Setting: Set a stop loss to minimize losses(if you trade with futures).
5. Take Profit Setting: Set take profit to maximize profit.
Tips and Warnings 1. Emotional Control: Do not be influenced by emotions when investing. 2. Diversification: Spread investments to minimize risk. 3. Risk Management: Manage risk by setting stop loss and take profit. 4. Market Monitoring: Monitor the market continuously to predict price movements. 5. Education: Continue learning and updating your knowledge about the crypto market.
Warning Investing in crypto carries a high risk. Make sure you do your own research and consider various factors before investing.
This is a totally free and worth trying airdrop, Layer-1 evm crypto coin. You just need to install the app and login daily to claim points. Listing is expected in Q1 2025. It seems like this project has potential like the core dao airdrop project I used to follow.
Now is the era of AI, where people can easily search and get information. But ironically, there are still many lazy people, they do not educate themselves properly. One example is many traders who cannot distinguish the difference between coins and tokens in the world of cryptocurrencies. So what is the difference between the two?The key difference between coins and tokens in cryptocurrencies lies in their underlying technology:
Coins (Layer-1) - Independent Blockchains: Coins have their own independent blockchain, a decentralized and secure ledger that records all transactions. - Primary Function: Primarily used as a medium of exchange, similar to traditional currencies. Examples: Bitcoin, Ethereum, BNB, XRP.
Tokens: - Built on Existing Blockchains: Tokens are built and operate on top of existing blockchains, such as Ethereum or Binance Smart Chain. - Diverse Functions: Tokens have a wider range of functionalities beyond just currency. They can represent: - Utility: Access to services or applications within a specific ecosystem. - Ownership: Represent ownership in a particular asset or project. - Governance: Grant voting rights within a decentralized organization (DAO). Examples: CAKE, COMP, AAVE.
In simpler terms: - Coins are like standalone countries with their own currency. - Tokens are like companies operating within a specific country, using that country's currency for their internal operations.
Key Takeaways: - Coins provide the foundation for decentralized networks. - Tokens enable the development of diverse applications and functionalities within the cryptocurrency ecosystem.
Disclaimer: This information is for general knowledge and educational purposes only and does not constitute financial advice.
The real bullish cycle will occur when the majority of retail traders have been sucked dry by the big players through meme tokens.
After they have harvested a lot from the joke tokens, they will seriously enter the real assets. And at that time the retail traders who have already gone bankrupt can only watch the price spike.
They will return to their previous activities and jobs and then work hard to collect money, only to be sucked dry again by the big players with the same cycle. This always happens in any market.
There is nothing new under the same sky. $BTC $VANA $USUAL #Binance250Million
As I often say, those who are trapped in FOMO will suffer, especially if they do it with leveraged trading.
To make a profit is actually quite simple. - Use cold funds - Trade only in the spot market - Buy assets that are in the top 5, top 10 to top 20 (maximum) market cap - Every time the price drops, do Dollar Cost Average - Try to only buy when the market is bearish - Be a true Hodler, Only sell when profit is made.
I see many people who experience huge losses because of trading using large leverage, and they finally give up and even post things like "this is my last hope" or "Im going to ending my life" and the like.
Even though they know from the beginning what the risks are and they don't want to learn first. Jumping in hoping to get rich quickly.
Please. Stop it. Maybe this is not the right field for you. Stop trading and go back to what you usually do.
I think Elon from the beginning was doing a social experiment and wanted to show us that most people in this world are like a herd of sheep that can be easily led here and there.
Every time he mentions a meme token, many people flock to FOMO, and predictably the end result is that 90% of them experience losses. But still, those who only get a small hit will continue to do it by making people suddenly rich as their motivation. This is all not much different from gambling.
Only those who are really bankrupt will finally realize it, or those who are really sane from the start do not participate.
Investors will actually only invest in assets that have real uses. While gamblers only follow their lust to get rich quickly without thinking further.