YOU WILL LOSE ALL YOUR INVESTMENT! Unless You Understand The Psychology of the Crypto Market
Experts predict a new bull run peaking in late 2025- That is 12-18 months from the Halving happened in April 2024. Ready to ride the wave? I hate to state this but many are still going to f><k this up. For real. Let's break down the psychological phases:
📌PHASE 1 - Accumulation During this phase, crypto Whales and OGs will have bought or be buying at discounted rates, new projects emerge, but skepticism lingers.
To be clear, this was more like last year when $BTC was down to $15,000 and there was blood on the streets.
📌PHASE 2 - Momentum Here, as we are currently witnessing, prices climb, excitement builds, HODLers rejoice, FOMO kicks in, and altcoins surge.
📌PHASE 3- Euphoria/Excess Greed takes over, prices soar daily, mainstream attention, bizarre market behavior, scams alert! For the Noobs, whenever the Bitcoin Fear and Greed Index makes a reading of 90, begin to manage your crypto position. Be SMART or you wont see the crash coming.
📌PHASE 4 - Massive Crash/Long Reeeeed candles
Here, you will witness a massive downtrend. Prices crash, panic selling, media negativity, Whales and new investors exit, veterans buy the dip. Noobies are left holding the for another two-three years -- the worst position to be in. DON'T DO THAT!
⏰Tips for Success: Invest wisely and patiently. Dollar-cost average.
Take profits on the way up. Diversify and avoid overexposure. Be cautious of hype and scams. Watch for market sentiment changes. Hedge positions strategically. Keep cash reserves for opportunities. The coming months bring excitement, risks, and rewards. Navigate wisely, and you could be on your way to life-changing wealth in this crypto revolution!
A 24-year-old boy named Erik Finman invested $1,245 in Bitcoin when he was just 12 years old. He made a deal with his parents that if he could make a million dollars by the time he was 18, he wouldn't have to go back to school. Well, his investment paid off big time!
By the time he was 18, his investment was worth over $2 million! He eventually became a millionaire and was even invited to give a TED Talk when he was just 15 years old. Erik's story is an inspiring example of how taking risks and believing in oneself can lead to great success.
BNB Chain Successfully Implements BEP 336 Haber Hard Fork, Reducing L2 Network Fees By 90%
According to Odaily, BNB Chain has successfully completed the BEP 336 Haber hard fork. This significant development has led to the implementation of the Blob Transaction (BlobTx) feature. As a result of this implementation, the associated Layer 2 (L2) network fees are expected to decrease by 90%. This is a significant milestone for BNB Chain, as it will make transactions more cost-effective for users. The successful implementation of the BEP 336 Haber hard fork and the BlobTx feature is a testament to BNB Chain's commitment to improving its platform and providing better services to its users. The reduction in L2 network fees will undoubtedly make the platform more attractive to potential users and could lead to an increase in the number of transactions conducted on the BNB Chain. This development is a positive step forward for BNB Chain and its users.
I will preach everyday about taking profits and doing your research on every single investment you make. Lot's of scams in Crypto which even i get exposed too, so we need to do our best to help each other
Work hard till the time you don't need to see the price tag of anything you wish to buy!
Forget about your sleep for few years, work hard for your parents, because at the end they are the one standing with you when you have nothing, but once you become something, treat them like King and Queen!
#BTC price analysis: Bulls remain on back foot Data from Cointelegraph Markets Pro and TradingView tracked another day of problematic BTC price action as BTC/USD hit $63,356 on Bitstamp. Down 3.7% week-to-date and 5.75% in June overall, the pair struggled to find acceptance even at the $64,000 mark. Analyzing the current market structure, popular trader Skew acknowledged that some buyer interest was returning at the lows, but sustained bidding would be needed to fuel a broader recovery.
➡️"A lot of shorting by looks of it & spot selling into price around the lows. Need to see buyers push for control to get a bounce."