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I took 4 Years to learn this and you need 2 minutes.
In this article, I summarized 10 points or rules which I learned from crypto market and These Rules will helped you in making profits.
1. Know the asset you are investing in. If you decide to buy Bitcoin, read about Satoshi Nakamoto’s white paper first, learn how blockchain technology works, what is a public and a private key, what is proof of work, etc. If you are buying Ethereum, learn about smart contracts, how initial coin offerings and decentralized finance platforms work, etc. There are a lot of free resources on the internet with easy-to-understand explanations.
2. Know the crypto regulations in your country. What kind of cryptocurrencies are you allowed to buy and hold in your country? What kind of documents do you need to provide when buying crypto? How does the crypto tax regulation work? When you want to sell, always contact your crypto broker/exchange in advance to ask for the cash-out procedure, contact your bank in advance to ask what you need to provide in case you have a large amount of money flow into your account. Remember, always research these things in advance, even if you do not plan to sell immediately because it probably takes a very long time for those institutions to check and verify everything.
3. Do not invest more than you can afford to lose. Do not use your emergency money because crypto prices are very volatile and you might not get your money back when you need it urgently. Invest an amount that will not put you in a difficult situation if you lose it.
4. Never go all-in. After you have decided the total amount, you want to invest, for your first-time investment only spend part of it to buy whichever cryptocurrency you have researched and think is promising. Always have some cash at the side to buy the dip. This also reduces your risk of losing all the money when your expectation does not work out.
5.Do not panic sell when the price is experiencing a fast drop unless you are already in significant profit and thinking about exiting. Normally whales use this strategy so that they can get cheap coins. Do not fall for that trick. Also, negative news affects the price of crypto, such as bankruptcy of exchange, some country bans the use and mine of crypto. In the past, prices tend to recover after some time.
6.Do not buy when the price just reaches an all-time high. Because all the people who bought at low price earlier are aiming to sell their coins at this level to take profit. Normally, after prices experience parabolic growth, either a huge downtrend will follow or a price correction will happen.
7.Take initial investment out once you are in profit. This way, you get your money back, even if you lose, you are only losing the profit you have made.
8.Diversify. Do not put all your eggs in one basket. In order to reduce risks, focus on large-cap cryptos which actually have real use cases. It also does not hurt to diversify into other assets, such as stocks and gold.
9.Set a realistic profit target and exit strategy. Remember that you are not there to maximize profit, but to increase your fiat buying power. It is impossible to buy exactly at the bottom and sell at the very top, all we do is to buy low sell high, to make a profit during the uptrend development. Here are two good videos from DataDash and Ivan on Tech about exit strategy I would recommend.
10.Do not fall for scams. Such as free giveaways which require you to send your crypto to another address, comments on Twitter and YouTube where people say they made $$$ with some person, impersonators of big influencers. I am 💯 sure these rules will help you If you follow them ❤️🩹.
#DogeArmyComeBack
#SOLFutureRise
#Trump47thPresident
#ElectionNightBTCGuess
1. Know the asset you are investing in. If you decide to buy Bitcoin, read about Satoshi Nakamoto’s white paper first, learn how blockchain technology works, what is a public and a private key, what is proof of work, etc. If you are buying Ethereum, learn about smart contracts, how initial coin offerings and decentralized finance platforms work, etc. There are a lot of free resources on the internet with easy-to-understand explanations.
2. Know the crypto regulations in your country. What kind of cryptocurrencies are you allowed to buy and hold in your country? What kind of documents do you need to provide when buying crypto? How does the crypto tax regulation work? When you want to sell, always contact your crypto broker/exchange in advance to ask for the cash-out procedure, contact your bank in advance to ask what you need to provide in case you have a large amount of money flow into your account. Remember, always research these things in advance, even if you do not plan to sell immediately because it probably takes a very long time for those institutions to check and verify everything.
3. Do not invest more than you can afford to lose. Do not use your emergency money because crypto prices are very volatile and you might not get your money back when you need it urgently. Invest an amount that will not put you in a difficult situation if you lose it.
4. Never go all-in. After you have decided the total amount, you want to invest, for your first-time investment only spend part of it to buy whichever cryptocurrency you have researched and think is promising. Always have some cash at the side to buy the dip. This also reduces your risk of losing all the money when your expectation does not work out.
5.Do not panic sell when the price is experiencing a fast drop unless you are already in significant profit and thinking about exiting. Normally whales use this strategy so that they can get cheap coins. Do not fall for that trick. Also, negative news affects the price of crypto, such as bankruptcy of exchange, some country bans the use and mine of crypto. In the past, prices tend to recover after some time.
6.Do not buy when the price just reaches an all-time high. Because all the people who bought at low price earlier are aiming to sell their coins at this level to take profit. Normally, after prices experience parabolic growth, either a huge downtrend will follow or a price correction will happen.
7.Take initial investment out once you are in profit. This way, you get your money back, even if you lose, you are only losing the profit you have made.
8.Diversify. Do not put all your eggs in one basket. In order to reduce risks, focus on large-cap cryptos which actually have real use cases. It also does not hurt to diversify into other assets, such as stocks and gold.
9.Set a realistic profit target and exit strategy. Remember that you are not there to maximize profit, but to increase your fiat buying power. It is impossible to buy exactly at the bottom and sell at the very top, all we do is to buy low sell high, to make a profit during the uptrend development. Here are two good videos from DataDash and Ivan on Tech about exit strategy I would recommend.
10.Do not fall for scams. Such as free giveaways which require you to send your crypto to another address, comments on Twitter and YouTube where people say they made $$$ with some person, impersonators of big influencers. I am 💯 sure these rules will help you If you follow them ❤️🩹.
#DogeArmyComeBack
#SOLFutureRise
#Trump47thPresident
#ElectionNightBTCGuess
Just in : 🇺🇸 Donald Trump sues CBS News for $10,000,000,000 alleging 'deceptive doctoring' of Kamala Harris' '60 Minutes' interview.#CryptoPreUSElection
Coming week/month is very important for the crypto and all financial markets.
NFP, U.S election, and FOMC ahead, all markets will be highly volatile so please be cautious
NFP - 1 November 5:30 PM PKT
US election - 5 November
FOMC - 8 November 12 AM PKT
#CryptoNewss
NFP, U.S election, and FOMC ahead, all markets will be highly volatile so please be cautious
NFP - 1 November 5:30 PM PKT
US election - 5 November
FOMC - 8 November 12 AM PKT
#CryptoNewss
# JUST IN: Total spot Bitcoin ETF trading volume surpasses $4.5 billion today.
• BlackRock: $3,300,592,515
• Fidelity: $548,084,739
• Grayscale: $388,230,348
• ARK Invest: $136,048,673
• Bitwise: $130,402,168
• VanEck: $39,580,884
• Invesco: $17,365,883
• Franklin: $9,852,353
• WisdomTree: $6,770,258
• Valkyrie: $6,052,531
• Hashdex: $58,168
#BTC☀
$BTC
• BlackRock: $3,300,592,515
• Fidelity: $548,084,739
• Grayscale: $388,230,348
• ARK Invest: $136,048,673
• Bitwise: $130,402,168
• VanEck: $39,580,884
• Invesco: $17,365,883
• Franklin: $9,852,353
• WisdomTree: $6,770,258
• Valkyrie: $6,052,531
• Hashdex: $58,168
#BTC☀
$BTC
URGENT ALERT EVERYONE
🛑 IT’S TIME TO FACE REALITY AND CUT YOUR LOSSES
In the world of investing and trading, one of the hardest things to do is to acknowledge your losses. On Binance Square, I often come across posts urging people to "Hold on! This crypto will rebound! Just wait, it’ll rise again!"—especially regarding popular tokens like $SHIB and $FLOKI .
Though some may not agree with me, it's essential to hear this truth: stop listening to those who tell you to hold indefinitely—they don’t have any more insight than you do. These voices often belong to individuals trying to convince themselves that their investments aren’t a lost cause, having bought into these cryptos during hype-driven rallies and are now facing the consequences.
The belief that "If I haven’t sold, I haven’t lost" is a dangerous misconception. If you recognize that one of your investments is failing and likely to continue declining, it’s unwise to hold onto it just because it’s currently at a loss. The market is full of new opportunities, and holding onto a sinking asset can cause you to miss out on more promising ones.
Consider this analogy: If you own a property yielding 10% annually, but are offered another property with a 30% return, would you turn down the new opportunity simply because your current investment is underperforming? Holding onto a poor investment out of stubbornness is both unproductive and a missed opportunity for greater gains. Acknowledge your mistake, learn from it, and move forward.
This post reflects my personal opinion.
Thank you for taking the time to read. If you found this advice helpful, please like, comment, and share this post. Your support means a lot, and it helps me continue to educate others about the crypto market. Tips are also appreciated as they help sustain these efforts. Many thanks to those who contribute
#SHIB، #FLOKI?
🛑 IT’S TIME TO FACE REALITY AND CUT YOUR LOSSES
In the world of investing and trading, one of the hardest things to do is to acknowledge your losses. On Binance Square, I often come across posts urging people to "Hold on! This crypto will rebound! Just wait, it’ll rise again!"—especially regarding popular tokens like $SHIB and $FLOKI .
Though some may not agree with me, it's essential to hear this truth: stop listening to those who tell you to hold indefinitely—they don’t have any more insight than you do. These voices often belong to individuals trying to convince themselves that their investments aren’t a lost cause, having bought into these cryptos during hype-driven rallies and are now facing the consequences.
The belief that "If I haven’t sold, I haven’t lost" is a dangerous misconception. If you recognize that one of your investments is failing and likely to continue declining, it’s unwise to hold onto it just because it’s currently at a loss. The market is full of new opportunities, and holding onto a sinking asset can cause you to miss out on more promising ones.
Consider this analogy: If you own a property yielding 10% annually, but are offered another property with a 30% return, would you turn down the new opportunity simply because your current investment is underperforming? Holding onto a poor investment out of stubbornness is both unproductive and a missed opportunity for greater gains. Acknowledge your mistake, learn from it, and move forward.
This post reflects my personal opinion.
Thank you for taking the time to read. If you found this advice helpful, please like, comment, and share this post. Your support means a lot, and it helps me continue to educate others about the crypto market. Tips are also appreciated as they help sustain these efforts. Many thanks to those who contribute
#SHIB، #FLOKI?
Urgent Urgent Urgent
Btc Update !!!!
#BTC☀ current price is $59,700, and with the weekly closing coming up in the morning, the market must close above $60,300 to potentially see a massive move. I believe the market will first shake out those who have taken high-leverage long positions, liquidating them before a good pump occurs. This week could be quite bullish for the market.
Btc Update !!!!
#BTC☀ current price is $59,700, and with the weekly closing coming up in the morning, the market must close above $60,300 to potentially see a massive move. I believe the market will first shake out those who have taken high-leverage long positions, liquidating them before a good pump occurs. This week could be quite bullish for the market.
#BinanceLaunchpoolTON
BTC Bearish
BTC Bearish
LIVE
Binance Square Official
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Test Your BTC Intuition and Win Up To $5,000 USDC in Rewards!
Think you can predict the BTC market? Put your intuition to the test and grab your share of the $5,000 USDC reward pool! Join our daily “Bullish vs Bearish” voting campaign and connect with the crypto community by sharing your market sentiment.
Campaign Period: 2024-08-08 00:00 to 2024-08-14 23:59 (UTC)
How To Participate:
Vote on $BTC Direction and Share Insights:
Option 1: Visit the BTC trading page and vote whether the day will be bullish or bearish. Share your insights and reasoning behind your vote in an accompanying post.
Option 2: Create a post through the “+” posting button on Binance Square, adding the $BTC cointag, and vote bullish or bearish in the content editor.
Winning Criteria:
Bullish Votes Win: If the BTC price at the end of the day (daily close price) is higher than the price at the beginning of the day (open price).Bearish Votes Win: If the BTC price at the end of the day (daily close price) is lower than the price at the beginning of the day (open price).
Eligibility:
Only the first prediction per day will be considered if a user makes more than one prediction.Voting and posts made between 21:00-24:00 UTC will not be counted as eligible entries.
Reward Structure:
Daily Challenge
Participate in our daily task! Users who post and vote in the correct direction will be eligible to share a $500 USDC prize pool each day. Join every day and predict correctly to win!
*Individual cap: $2 USDC per participant per day.
Extra Rewards: Make correct predictions for several days and earn additional rewards!
Terms & Conditions
This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for the votes to count. Each day runs from 00:00 (UTC) to 23:59 (UTC). Rewards will be distributed in the form of token vouchers to eligible users within 21 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right of final interpretation of this Activity.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Campaign Period: 2024-08-08 00:00 to 2024-08-14 23:59 (UTC)
How To Participate:
Vote on $BTC Direction and Share Insights:
Option 1: Visit the BTC trading page and vote whether the day will be bullish or bearish. Share your insights and reasoning behind your vote in an accompanying post.
Option 2: Create a post through the “+” posting button on Binance Square, adding the $BTC cointag, and vote bullish or bearish in the content editor.
Winning Criteria:
Bullish Votes Win: If the BTC price at the end of the day (daily close price) is higher than the price at the beginning of the day (open price).Bearish Votes Win: If the BTC price at the end of the day (daily close price) is lower than the price at the beginning of the day (open price).
Eligibility:
Only the first prediction per day will be considered if a user makes more than one prediction.Voting and posts made between 21:00-24:00 UTC will not be counted as eligible entries.
Reward Structure:
Daily Challenge
Participate in our daily task! Users who post and vote in the correct direction will be eligible to share a $500 USDC prize pool each day. Join every day and predict correctly to win!
*Individual cap: $2 USDC per participant per day.
Extra Rewards: Make correct predictions for several days and earn additional rewards!
Terms & Conditions
This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for the votes to count. Each day runs from 00:00 (UTC) to 23:59 (UTC). Rewards will be distributed in the form of token vouchers to eligible users within 21 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right of final interpretation of this Activity.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
#IOprediction
#TopCoinsJune2024
#altcoins
$NOT
$IO
$PEPE
My prediction not coin or IO coin or Pepe coin next move bullish as soon as possible
#TopCoinsJune2024
#altcoins
$NOT
$IO
$PEPE
My prediction not coin or IO coin or Pepe coin next move bullish as soon as possible