A Vaswan

Hey crypto fam! 🤑 If you’ve been thinking that *Bitcoin (BTC)* was always number one, guess what? You’re wrong! 😱 There was a time when *XRP* (also known as Ripple) was actually the *leader* of the market, holding the *#1 spot* in terms of market cap. Sounds crazy, right? 🤯 Let’s dive into when and why this happened!

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*The Rise of XRP to the Top 🚀*

*1. The Big Surge of 2017 📈*

Back in *2017*, XRP experienced a massive surge that caught the attention of everyone in the crypto world. It went from being a relatively unknown token to hitting an *all-time high* of about *$3.84* by *January 2018*. At that time, it actually overtook *Bitcoin* and became the *#1 cryptocurrency* for a brief period. 🎉

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*Why Did XRP Rise to the Top?*

*2. The Power of Partnerships 💼*

XRP’s rise was largely driven by its *real-world use case* and its partnerships with major financial institutions. Unlike Bitcoin, which was mainly seen as a store of value and digital gold at the time, XRP was focused on *enabling fast and low-cost international money transfers*. 🌍💸

- Ripple (the company behind XRP) partnered with *banks*, *payment processors*, and *financial networks*, which gave it a lot of credibility. 💳
- Ripple was solving a major problem in the *traditional finance* industry – cross-border payments were slow, expensive, and inefficient. XRP provided a *faster*, *cheaper*, and more *scalable* solution. 💡

*3. Media Hype and FOMO 📰*

In 2017, there was a massive media push on cryptocurrencies, and *XRP* became a hot topic. This led to more *investors* jumping in, pushing its price up and making it a *top contender*. People were buying into the *FOMO* (Fear of Missing Out) as they saw XRP rapidly gaining value.

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*What Happened After?*

*4. Bitcoin Took Back the Crown 👑*

As we entered *2018*, the excitement around XRP started to die down. *Bitcoin* maintained its dominant position as the *leading cryptocurrency* because of its *first-mover advantage*, its *decentralized* nature, and its status as the go-to cryptocurrency for *store of value*. 🏅

Meanwhile, *XRP* faced a lot of regulatory challenges, and the community started to question its *centralization* since Ripple, the company behind XRP, held a large portion of the total supply. 📉

$XRP

$BTC

#TRUMPCoinMarketCap #BTCNextATH? #CryptoTrump2.0 #WyomingBTCReserves #SOLVLaunchOnBinance

If you’re here, you’ve probably tasted the highs and lows of futures trading. Let me tell you, I’ve been through it all—blown accounts, sleepless nights, and the frustration of seeing the market move against me. But every loss taught me something, and now I’m sharing those lessons with you. These are real mistakes I’ve made and the strategies I use now to minimize losses.

1. Risk Management: The First Lesson I Learned the Hard Way
When I started, I thought risking big would lead to big rewards. Wrong. Risk management is the backbone of trading. Here’s what I do now:
Risk no more than 2% per trade: This rule saved my account. Even after a streak of losses, I had enough capital to recover.
Stop losses are a must: Once, I refused to cut my losses, hoping for a reversal—it never came. Now, my stop loss is non-negotiable.
Leverage wisely: Initially, I used high leverage recklessly and paid the price. Now, I use leverage between 5x to 10x, only when I have a solid setup. For uncertain trades, I lower it.
2. Trading Without a Plan? A Costly Mistake
Early on, I traded impulsively—jumping into trades just because the market “looked good.” That approach drained my account. Now, every trade I take has a detailed plan:
Entry and exit points: I decide these before I open the trade.
Clear profit and loss targets: This keeps me disciplined, even when emotions run high.
No room for guesswork: If I can’t justify the trade with logic and analysis, I don’t take it.
3. Misreading Charts Almost Broke Me
At first, I relied on gut feelings and overcomplicated charts. After losing repeatedly, I stripped my approach back to the basics:
Support and resistance levels: I stopped fighting these levels and started respecting them.
Candlestick patterns: Patterns like engulfing candles and dojis now guide my entries and exits.
Trend lines: Following the trend, instead of trying to predict reversals, made a massive difference.

4. Indicators Are Tools, Not Predictions
I made the mistake of overloading my charts with indicators and blindly trusting them. Now, I only use what works:
Moving Averages (MA): These help me identify the trend. I rely on the 50-day and 200-day MA for longer-term direction.
RSI (Relative Strength Index): It helps me spot overbought and oversold zones.
Volume: I use volume to confirm the strength of a move or breakout.
I’ve learned to combine indicators with price action instead of relying solely on them.

5. Emotional Trading: My Worst Enemy
After a loss, I used to jump straight back in to “win it back.” That approach turned small losses into massive ones. Here’s what I do now:
Step away after a loss: A break gives me clarity and helps me avoid revenge trading.
Focus on the bigger picture: I remind myself that one trade doesn’t define my trading journey.
Accept losses as part of trading: Losses are inevitable, but I treat them as learning opportunities.

6. The Overlooked Mistakes I Made

Here are some costly errors I’ve made that no one warned me about:
Overtrading small moves: I used to chase every tiny price fluctuation, thinking I’d stack up profits. Instead, I racked up losses and fees. Now, I wait for high-probability setups.
Neglecting fees and funding rates: I once realized my profits were wiped out by fees. Now, I factor these into every trade.
Ignoring the bigger trend: I used to focus only on 1-minute or 5-minute charts. Now, I start with higher timeframes (like 4-hour and daily) to understand the bigger picture.
Overconfidence in leverage: Using 10x leverage without proper analysis led to painful losses. Now, I use higher leverage only when the setup is backed by strong technicals.

7. Backtesting and Journaling Turned My Trading Around
One thing I wish I’d done sooner is backtesting. Testing my strategies on historical data showed me what works and what doesn’t. Journaling my trades has also been a game-changer—it helps me identify patterns in my mistakes and refine my approach.

My Biggest Takeaway
Every loss I’ve experienced taught me something valuable. Futures trading isn’t about avoiding losses entirely—it’s about learning how to manage them and improving with every trade. The key is discipline, risk management, and constantly adapting to the market.
If you’re struggling, don’t be discouraged. Use your losses as stepping stones, and you’ll get better with time.