There is always rainbow after the rain for FTM and majority of altcoins. Just avoid dead projects with obvious blatant manipulations. Try to research, check what coins recovered fast or maintain it's price at this bear season. One example is #OM.
What u r seeing now fir FTM is not because if manipulation. This are all healthy correction, taking into consideration the FOMC and worldwide issues. If #BTC continues to fall, ftm will tap the lower box and can reverse immediately.
If u r in futures, manage ur leverage and portfolio. Nobody here wants to be greedy at this point of time, unless u wanted to be kicked out of the game only to be disappointed when the bull season starts.
#FTM can double ur portfolio in a month time. Just be patient.
After weeks and months of taking small to medium profit. All portfolio is in the brink of being wiped out. Just when I thought that I can take back my previous losses. Here comes the drama again, drama that whales are creating as a disguise to take the money of small players like me.
Big players, institution and personalities hyping the crypto world, only for them to dump, using the narrative "the world is in war" that is after the retailers was psych into believing that these are minor corrections only. But, nope! Crypto is a harsh and sad reality of modern scamming.
It's sad to say goodbye to a platform that has given me once hope to gain wealth, only to be obliterated. But this is the only way to move forward and live a better life.
To all newbies out there, read this--
Whales, let u grow a bit. Just to devour you into pieces.
It seems that nobody wants to buy BTC now due to uncertainties. Wait for next week for possible reversal, but this week all bloodbath is what to be expected.
CPI was positive though FOMC has positive result, it looks like it was all lie and whales knows that.
BTC could reach $64K before completely plunging to $59K this weekend.
After days of rally, Not coin seems exhausted and investors took a huge profit from the pump. But wait.. Don't fill ur bags yet.
Set your buy orders @ $0.012-0.0110. From there, #Not could double the price again. It's a roller coaster ride for most of the coins. Nothing goes directly to the moon😉 Safe trading everyone.
Let me share 2 you guys my experience & hope that u could learn from it. I have been trading both on spot and futures for d past 3 yrs, & 2 b honest I'm still @ d recovery stage @ d moment (lost $6K for that period). I got depressed, so, deleted my #Binance account & said to myself to 4get about crypto.
But then, I did a reflection to myself & realized what went wrong.
The cryptoworld is so dangerous, hence binance has a no liability agreement that u need 2 sign before stepping into it, they know it for sure.
So, what went wrong?
As a newbie, we tend 2 do our research, reading through different websites, but most often than not, we resort 2 shortcuts e.g. Watching influencers in youtube, X etc.. Which tells you how they turned $100 into $10, 000 or sometimes even more than that. So, as our minds tricks into believing that, hell, if he did it, I can do it too. Then we give in, and that's how #Greediness sets in, allowing ourselves to believe that we can harness wealth that easy and fast. And most of the time, we are wrong. We can easily get liquidated before we can gain that wealth that we are aiming for.
With that said, I did futures. At first, I was earning $10/D profit for 5 days for just 1 position in futures (I started my portfolio at $1k). Then I said 2 myself, if I can gain $10/D, why not increase d size of my position & add trading pairs too, to make the process faster. That's when all things went wrong, and that's where sleepless nights began. I added funds and added funds to my account thinking that, hey, I can take back what I lost. But with d same strategy, I was dumbfounded, I lost 6K in total (how would I get back those losses). Here's what I'm doing now, I only have 1 position in futures, with unmarked liquidation, means no liquidation unless d coin goes to zero, and I'm doing DCA in case sudden drop happens (like what happened for the past 12 hours). No amount of research or influencers can prepare you for that. Then, I set up my TP @20% then repeat. And it is very effective! No, worries at all even the market makes a dip!
My analyzation is that this coin is on the verge of a "monitoring" tag soon, followed by being delisted. The coin is just hovering between $0.23- $0.26.
When #BTC goes up, it goes a little bit, when btc goes down a litte bit, blz goes down immediately. That's one sign that the project is losing it's interest to progress, complimentary from the devs. With these kind of people, investors and small retailers are losing money and got rekt. Look for instance what happened to the likes of #waves, #omg, and other token that will be delisted this June 17, 2024. People who invested were distraught, and what if you HODL and deleted ur binance app. Planing to open it only after a year? You will be then surprised, isn't?
That makes the #HODL principle to be scary at this point bec. of these types of coin devs who destroys the cryptocurrency world for there own benefits.
Be careful trading out there. These 4 coins will be delisted this month. And, it is really important to do due diligence when it comes to investing. A lot of projects comes and go(listed and delisted), reasons such as low volume/trading, lack of project development and specially fraudulent transactions and many others.
As an investor, who invests ur own money wether it's small, medium or big, I advice you to do a research first before buying, specially if u r planning in HODLing, as u might be surprised one day that ur hard earned money comes in a half, or worst gone.
It pays if you do a thorough research compared to be being impulsive. (and I learned hard about the latter, believe me)
U can find these informations from the white papers of the project, websites such as dropstab.com, investopedia.com, investing.com, tradingview, etc...
Never trust influencers just because they said so.. Remember, it's ur money, once gone they can't help you. So, just #DYOR and hope u can make a great profit out of it.
Continues its consolidation. With its current MC of 108 million I believe that this coin is a sitting duck for the whales (a.k.a. "manipulators").
Beware though, BLZ was several times top gainer on binance. U might ask, with that low MC, can it go further down, risking it to be noticed by binance team and will be labeled with a "monitoring" tag? Or will it go up and prove itself once again.
Continues its consolidation. With its current MC of 108 million I believe that this coin is a sitting duck for the whales (a.k.a. "manipulators").
Beware though, BLZ was several times top gainer on binance. U might ask, with that low MC, can it go further down, risking it to be noticed by binance team and will be labeled with a "monitoring" tag? Or will it go up and prove itself once again.
Both of this token showed us literally a god candle! Both with MC below 200M before the pump! So, those who bought at a lower price took profit from it? If not, then my advise is to sell atleast 50%. As the saying goes, peofit is profit wether it's big or small. Then u can hold the remaining, with that said, ur initial capital is already safe. If you took profit, don't re-enter the market for now, I saw how the candle dance at a 1minute time frame, it's like a disco ball, just going up and down. What does it mean? We'll if it's dancing, it means somebody is playing it. And guess who? Due to the low MC of these token it can easily be manipulated, by no other than the whales.. And with whale manipulation, you can end up crying - the house always win- remember that. My take away note is... -don't be greedy, -celebrate if u won and always make ur money safe -take rest
Always remeber, crypto trading is always there, it is you and your money that can vanish if you are not being careful.
$PORTAL Portal failed to continue its uptrend momentum on daily time frame. Aside from that, there is schedule token unlock for this coin next month which is less than a week from now. Wether u r doing spot ir future, be carefull for this coin, it can go either ways.
#BTC It pays if u are aware of what happening both on micro and macro economics before starting to trade. Don't just trade with ur instinct or emotions. For now, you might have learned about "buy the rumors and sell the news" phrase. And I hope everyone is doing their deligent research before placing your hard earned money to any crypto currency. Refrain from following or relying on what u see in ur feeds. Go and study the chart, research about the project or coin u want to invest in. At the end of the day it is you who can reap or lose the money u r investing.
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CoinEdition
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Mt. Gox Makes Surprise Return With Massive Bitcoin Dump, Crypto World on Edge
Defunct Bitcoin exchange Mt. Gox transfers $7.2 billion in Bitcoin.
Massive transfer raises questions amid ongoing creditor repayment process.
As of writing, Bitcoin is trading at a daily loss of 1.53% and a weekly decline of 4.87%.
Blockchain tracker Whale Alert reported that on the morning of May 28, cryptocurrency wallets controlled by the now-defunct Mt. Gox transferred approximately 107,547 BTC (equivalent to 7.2 billion USD) to an unknown wallet.
Whale Alert’s initial report detailed a transfer of 3,999 Bitcoins (worth roughly $277 million) from Mt. Gox to an unknown wallet. This move sparked significant interest within the crypto community, especially considering Mt. Gox’s ongoing efforts to reimburse creditors affected by its 2014 collapse. For those uninitiated, Mt. Gox was a Japanese-based crypto exchange that collapsed in 2014.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 3,999 #BTC (277,654,876 USD) transferred from #MtGox to unknown wallethttps://t.co/hIjDOB73kC
— Whale Alert (@whale_alert) May 28, 2024
Once one of the largest Bitcoin trading exchanges, Mt. Gox was forced to close after a major hack that affected over 24,000 customers and resulted in the loss of hundreds of millions of dollars in cryptocurrencies and cash.
Repayment procedures, initiated in late 2023 via PayPal, saw many clients receive compensation in Japanese Yen. However, according to an official letter from Mt. Gox trustee Nobuaki Kobayashi, the deadline for full repayment has been extended to October 31, 2024.
Whale Alert subsequently reported several other large transfers from Mt. Gox, including one of 8,239 BTC (worth $565 million), another of 14,057 BTC (worth $966 million), and yet another of 16,589 BTC (worth $1.1 billion).Despite these massive transfers, blockchain intelligence company Arkham Intelligence reports that Mt. Gox still holds 137,892 Bitcoins (worth over $9 billion). As of this writing, Bitcoin is trading at $67,848, reflecting a slight daily loss of 1.53% and a weekly decline of 4.87%.
The post Mt. Gox Makes Surprise Return with Massive Bitcoin Dump, Crypto World on Edge appeared first on Coin Edition.
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