Burning and reducing the supply of a coin does not necessarily mean that the coin will increase in value. It would be beneficial for you to take note of this when investing. For example, many coins that surged significantly during the bull market three years ago have not shown substantial increases in value, even though their supply was much higher then and is much lower now. This doesn't mean they won't rise in the future, but if that future is far off, it might not be useful at that time.
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While trading, we should train ourselves for possible sharp movements and place buy and sell orders both up and down with a portion of our assets. Generally, our trades should be diversified according to our balance. For example, if we have $1,000, we can allocate $400 to 10 different coins in spot trading, $100 to leverage trading, and $500 in cash stake pools. Remember, cash provides comfort; decisions made when you are comfortable are much more accurate than those made under stress. I wish you all success.
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Whenever I incur a loss, I distribute gifts to my community, and surprisingly, I end up gaining more than I gave away. Statistically, this might just be a coincidence, but if millions of people like me share, everyone will win. While it’s certain that we won't impact global financial markets, we can achieve this in the global crypto ecosystem. Cryptos truly offer hope against poverty. Imagine a world without cryptos; it would be so dark, wouldn't it? We will succeed, family 😎👍❤️
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