If you didnt know... Market cap doesnt mean people put that much money in a crypto!
For example, Notcoin cap was 1.25 billion at some time yesterday, it doesn't mean people used 1.2 billion $ of their money to buy it.
It is calculated by just taking the current price, and multiplying it by the total number of coins in circulation.
So for example, if total crypto market cap is 3 billion, it doesn't mean people used 3 billion $ to buy the crypto. It could be more! or less. It is just a simple valuation.
Here are ways to find out how much money was put in a crypto:
1. Trading Volume The trading volume of a cryptocurrency represents the total amount of the cryptocurrency that has been traded over a specific period (e.g., 24 hours). While this doesn't directly tell you the total money invested, it provides insight into how much activity and interest there is in the cryptocurrency.
2. Historical Trade Data Analyzing historical trade data can give you an idea of the total investment over time. By examining the price and volume over various periods, you can estimate the total amount of money that has flowed into the cryptocurrency.
3. Initial Coin Offerings (ICOs) / Token Sales For newer cryptocurrencies, the amount of money raised during initial coin offerings (ICOs) or token sales can provide an estimate of the initial investment. These figures are often publicly disclosed and can be found in project whitepapers or official announcements.
4. Market Orders and Liquidity Examining the order books of major exchanges can give insights into the buying and selling pressure, which can help estimate how much capital is being used to acquire the cryptocurrency.
For Example: To get a sense of the actual money invested in Notcoin, you might: 1. Look at the daily trading volume across major exchanges to see recent activity. 2. Examine historical trading volumes and prices to estimate cumulative investment over time.
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1. money & risk management "Never put all of your eggs in the same basket". Split your money for example: - 50% in spot (40% in main coins, 10% in new projects with high potential). - 25% into day trading if you want to trade - 25% keep into usdt, another stable coin or in fiat. this is for buying the dip if it goes down even lower, and for your own sanity in case something bad happens and you get locked in at a low price for longer periods of time. It is also for adding margin in case one of your margin/futures leveraged positions go really low.
2. Don't trade with leverage higher than 5x on main coins and 3x max on high level altcoins. No leverage on meme coins.
3. DYOR (do your own research) and check audits before you buy in on any new ICOs because some are scams, rugpulls, honeypots, or tokens that have methods that can manipulate the supply at will.
4. DCA, grids and rebalancing, can help you passively increase your holdings over time by taking advantage of price swings and sideways markets
5. Managing emotions: don't trade out of fear, fomo or greed when the prices are at disadvantageous levels. Write down a plan, a strategy and follow it religously to avoid impulsive trading.
I will continue posting advices based on my experience holding, trading, and as a programmer backtesting, coding automated and assisted trading systems, bots and trading tools.
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$ZRO don't understand why zro is so pumped. they haven't done much in few years. the project is not showing any bit move. their website barely works. on mobile it only has a ticker and a few texts.
think this is gonna go down free fall soon,along with many of you and your bags
1. Follow Crypto News and Forums: - Check out popular crypto news websites and forums like Reddit and Bitcointalk. These places often announce new airdrops.
2. Join Social Media Groups: - Follow cryptocurrency projects on Twitter, join their Telegram groups, or follow them on Discord. They usually announce airdrops to their community first.
3. Sign Up for Airdrop Websites: - There are websites dedicated to listing airdrops, like Airdrop Alert, AirdropBob, and CoinMarketCap’s airdrop page. You can sign up for newsletters to get updates.
4. Participate in Campaigns: - Some airdrops require you to complete tasks like following social media accounts, sharing posts, or signing up for newsletters. These tasks help promote the cryptocurrency.
5. Own Specific Cryptocurrencies: - Sometimes, airdrops are given to people who already own certain cryptocurrencies. Make sure to check if holding certain coins makes you eligible for an airdrop.
Types of Airdrops: 1. Standard Airdrop: - Free tokens are given to people who sign up or meet specific criteria set by the project.
2. Holder Airdrop: - Tokens are distributed to people who already hold a certain cryptocurrency. For example, if you own Bitcoin, you might receive new tokens for free.
3. Bounty Airdrop: - Rewards are given for completing specific tasks like promoting the project on social media, writing articles, or creating videos.
4. Exclusive Airdrop: - These are limited to a specific group of people, such as early supporters, beta testers, or members of a particular community.
5. Fork Airdrop: - When a cryptocurrency forks (splits into two), holders of the original coin may receive new tokens from the new chain. For example, when Bitcoin forked, holders received Bitcoin Cash.
By keeping an eye on the crypto community and being active, you can spot and participate in these airdrops to get some free tokens!
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$#BTC Crypto is a 0 sum game. I see many are unaware of this. It is simple, when you win someone else looses and vice versa. The money has to come from somewhere. it doesn't just appear.
When btc price goes up it is not just because more believe in the technology, it is because more entities put money into it.
So, you can say it is similar to a pyramid scheme, but not exactly because it also has some intrinsic value (I'm referring to other crypto projects, not Bitcoin). The ones that buy it earlier will have more money as time progresses if they don't sell it. The losers are the ones that sell low out of fear or the ones that buy too late, when here will be little room for more increase.
So is crypto a valid investment instrument? It is, if you use it as a long term deposit, considering the future value of your holdings based on its future price as a form of interest.
What does that mean? It means you will win long term If you hold. I know I'm not saying anything new to some of you but you would be surprised how many people are unaware of this.
I've seen many posts on here where people think everyone can win from crypto. It is just not true.
A good strategy is to not look towards short term profits at all. because you can end up selling low out of fear of more losses and miss out long term. Of course some here may find success in day trading but the majority are better off by holding on to their coins long term.
#BTC Can BTC hit 100.000$ ? I saw people say btc will not hit 100k$ any time soon. This is highly improbable in my opinion.
Just consider the market cap of stocks which is around several hundred trillion $ and cryptos just at 2-3 trillion
Crypto is just starting to mature with allot of new people, whales coming into the scene and new businesses starting on Blockchain using the blockchain and ICOs as a means for funding their activities.
Clearly there is a long way up on global crypto market cap and there is room for an increase to 10x a least. 20-30 trillion. that would place Bitcoin at 60.000-700.000$ if we consider bitcoin will keep it's current market dominance.
When the market cap was 200-300 billion in 2018 shortly after I started getting involved in crypto everyone was asking if BTC would raise from around 10.000$ (the price then). At that point it was easy to see but few people believed, even high profile investors.
Big names back then where saying they will not invest in BTC, they did not believe in the blockchain technology. For example Warren Buffett. And look at him now, his company Birkshire Hathaway now has put 1 billion towards crypto stocks.
If you know the saying "first they laugh, then they doubt, then they join you".
Big names that years ago declared they don't want anything to do with crypto are now avid crypto investors and supporters of Blockchain projects.
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$BTC whales at it again! Bitcoin took the plunge again, dipping to 60k resistance. It is no surprise.... as I said in my last message: whales manipulation of price to liquidate day traders and futures/derivatives traders.
With each such dip or spike, billions of $ or investors money are liquidated. Where do you think the money goes? Into long time holders accounts. Because they never sell. so the value lost by others in liquidation doesnt just dissapear... it goes to the holders, thus consolidating the bitcoin price at higher levels in time.
!!
Watch your assets, this game is one that the smaller investors loose.
Again: adjust your leverage to max 5x.
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$BTC Warning to futures traders to protect your assets. the swings on BTC are nothing else than whale / large btc holders dumps / pumps to liquidate retail investors.
The mechanism is simple. Given time retail traders accumulate leveraged positions then whales and massive holdings manipulate the price to certain price levels to liquidate margin traders.
The result is that the money leaves the hands of retail traders and goes to holders ... because holders can only loose if they sell and go back to fiat when the price is low. So then the money goes into holding and accumulates thus passively increasing the price of btc in time due to the money no longer being withdrawn.
My advice is that if you don't want to risk loosing your money to not make trades with more than 5x leverage on main cryptos. and less than 3x on less reliable high level altcoins. As for meme and shit coins I recommend not using leverage at all.
You can do high leverage futures trading and grid trading of course, just understand that the risk of liquidation is high and there is a high chance that you will loose the money.
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$RVN it's been 1 month since posted this: check the image! RVN price was 0.055. Right now, it is at a 45% fall from when I posted. Follow me to win, not loose!
$RVN someone asked "when rise". question is "why rise?". there is nothing noteworthy happening with the project to justify this artificial pump in price.