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X mucaN
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Udforsk de seneste kryptonyheder
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Which Side Of The Curve Are YOU On_ Midcurve Meme Explained - CoinGecko
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Crypto guide with @X mucaN part 14 🐈 ⚠ Be Cautious with Derivatives ⚠ Crypto derivatives can be very risky; understand them before trading. We don’t even know where to start from on this topic Please if you are a newbie, please stay far away from derivatives If you check the first image below you will see a trader running on over $59,000 loss on a trade( the trader hasn’t lost the money until he closes the trade or hits stop loss or get liquidated) Look at the second image below, you will see that same trader making $42,000 profit on $WIF and also making about $900 on $SOL When Newbies see this, they get pumped and forget about the other side of it and then start trading with the little $100 they have and in a week time the whole money is gone A lot of people lost their life savings while going Short on $NOT a few days ago while some still lost a lot of money while going long Please,stay away from Derivatives if you don’t have the capital, the capital is really important here Do you have an account that can go on -$50,000 and still remain on a trade ?? Image belongs to : @Oxxghost on X/twitter #xmucan
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Crypto guide with @X mucaN part 13 🐈 Be Patient Crypto investments can take time to grow. Don’t expect quick profits $SOL didn’t just go from $1 to $200 over night, it took time Know the Market Goes Up and Down Remember that markets have cycles of rising and falling,people are usually happy when they see the market pumping and their portfolio on greens but they forget that the market can’t remain at the top forever, what goes up must come down, this is where you learn how to take profit,so you can buy back cheaper Imagine, buying $NOT at $0.018 and selling at $0.028 then you buy back again at $0.016 Know Your Limits Only invest what you’re okay with losing and understand your risk tolerance. Track Your Money Keep a record of your trades and investments to see how they’re doing,don’t treat trading like gambling, keep records beautiful people #xmucan
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Crypto guide with @X mucaN part 12 🐈 Don’t Follow the Hype Be skeptical of hype and look for solid reasons to invest and Don’t Believe All the Hype Question the excitement around a coin and look for real evidence of its potentials Don’t be mislead by people saying “Buy $NOT it is going to $12” “Buy $PEPE it is going to $25” “Buy $IO it is going to $17” In as much as this can actually happen, always look for solid reasons to invest #xmucan
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Crypto guide with @X mucaN part 11 🐈 Be Wary of Sudden Price Spikes If a coin’s price shoots up fast, be careful—it might be a pump and dump For example, we saw how $NOT pumped all the way from $0.05 to $0.029 So many people bought $NOT at $0.029 due to Fear of missing out $NOT is not a pump and dump project, NOT will definitely pump back and break current All time high #xmucan
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