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$BTC HODL CHEAT SHEET 🚨
Understanding the psychology of market cycles can help investors make more informed decisions, such as buying low during periods of despair and selling high during periods of euphoria. It's ESSENTIAL TO STAY DISCIPLINED and not let emotions dictate investment decisions!
And you, have you succeeded in hodling through an entire cycle? If yes, share it to your friend who just started investing 💪
#investingtips #learntoearn #TradingWin #BitcoinStrength #Investing2024
Understanding the psychology of market cycles can help investors make more informed decisions, such as buying low during periods of despair and selling high during periods of euphoria. It's ESSENTIAL TO STAY DISCIPLINED and not let emotions dictate investment decisions!
And you, have you succeeded in hodling through an entire cycle? If yes, share it to your friend who just started investing 💪
#investingtips #learntoearn #TradingWin #BitcoinStrength #Investing2024
Your Crypto Journey Is A Never Ending One If You’re Not Doing This.
I’ve been in Crypto for years now. Since early 2018 to be exact. It wasn’t a good time to get in, but nevertheless, the lessons I picked up along the way are priceless. I’ve had many victories and equally many defeats on this journey, and to say that I haven’t enjoyed every minute of it, well, that’s accurate 😄.
Like many trying to make it through Crypto trading, I made some big mistakes, but I was lucky where I didn’t get myself wiped out completely. And believe me, that is something I have seen happen to many others throughout the years, especially those who put all their eggs in a single basket. However, I believe it is through the mistakes that I have reached the point where I am today. I am still far from my end game - my dream goal, but, for the first time since my journey began, I am starting to see that goal in sight.
So what was one of the biggest mistakes I was doing? Simply, I was re-investing all my profits from successful trades. Some might say that this is the way to go, but when you’re dealing with an unpredictable monster like the crypto industry, it is always good to ensure your success.
The problem with reinvesting everything is you begin to forget why you got into this whole crypto trading thing - To earn as much Fiat as possible. You are basically diving into an abyss, climbing your way out and diving back in, not leaving anything from those dives. This is exactly what I see many people doing, they don’t put anything away, they reinvest, then the market eventually crashes, they panic sell or they’re left off with months to years of waiting before their crypto regains any of its previous worth.
So what has worked well for me?
Common sense really. Whenever you have a successful trade - Let’s say you made a $150 profit. Divide that $150 into 3 ways, as per follows:
$50 to your FIAT stash. This is your endgame stash. Don’t ever touch this stash, only add to it. As it grows, this is everything that you have to show for years of trading.
$50 to any Crypto that you want really. Basically buy any crypto, especially if it dipped and the price is right. This crypto is complimentary to your end game stash. It is a long term hold, when you have the highest price possible, then sell it.
$50 Your trading stash. The bigger your crypto trading stash gets, the more trades you’ll be able to do vs. other crypto and bring in profits. So don’t neglect this completely.
Would love to hear your thoughts in the comments guys, whether you have any ideas you'd like to share or just wanna say hello!
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Thank you for reading! If you enjoyed my content or found it helpful in anyway, I would really appreciate it if you hit that like button and follow me. This helps in spreading my content to others who might find my ideas useful.
#writetoearn #investingtips #investingwisely #CryptoInvesting💰📈📊 #CryptoInvesting2024
Like many trying to make it through Crypto trading, I made some big mistakes, but I was lucky where I didn’t get myself wiped out completely. And believe me, that is something I have seen happen to many others throughout the years, especially those who put all their eggs in a single basket. However, I believe it is through the mistakes that I have reached the point where I am today. I am still far from my end game - my dream goal, but, for the first time since my journey began, I am starting to see that goal in sight.
So what was one of the biggest mistakes I was doing? Simply, I was re-investing all my profits from successful trades. Some might say that this is the way to go, but when you’re dealing with an unpredictable monster like the crypto industry, it is always good to ensure your success.
The problem with reinvesting everything is you begin to forget why you got into this whole crypto trading thing - To earn as much Fiat as possible. You are basically diving into an abyss, climbing your way out and diving back in, not leaving anything from those dives. This is exactly what I see many people doing, they don’t put anything away, they reinvest, then the market eventually crashes, they panic sell or they’re left off with months to years of waiting before their crypto regains any of its previous worth.
So what has worked well for me?
Common sense really. Whenever you have a successful trade - Let’s say you made a $150 profit. Divide that $150 into 3 ways, as per follows:
$50 to your FIAT stash. This is your endgame stash. Don’t ever touch this stash, only add to it. As it grows, this is everything that you have to show for years of trading.
$50 to any Crypto that you want really. Basically buy any crypto, especially if it dipped and the price is right. This crypto is complimentary to your end game stash. It is a long term hold, when you have the highest price possible, then sell it.
$50 Your trading stash. The bigger your crypto trading stash gets, the more trades you’ll be able to do vs. other crypto and bring in profits. So don’t neglect this completely.
Would love to hear your thoughts in the comments guys, whether you have any ideas you'd like to share or just wanna say hello!
-------------------------------------------------------------------------------------------------
Thank you for reading! If you enjoyed my content or found it helpful in anyway, I would really appreciate it if you hit that like button and follow me. This helps in spreading my content to others who might find my ideas useful.
#writetoearn #investingtips #investingwisely #CryptoInvesting💰📈📊 #CryptoInvesting2024
🚨🚨Most important tips every successful trader uses 🚨🚨
🚀 Crypto Trading Success Tips! 💰📈
1. Research First: Informed decisions beat blind guesses. 🧐
2. Risk Management: Only invest what you can afford to lose.⚠️
3. Diversify Portfolio: Spread risk across various assets.💵
4. Stay Informed: Market trends change – stay ahead.ℹ️
5. Discipline is Key: Stick to your trading plan. 🔑
6. Continuous Learning: Adapt to evolving market dynamics. 📝
7. Patience Pays Off: Long-term vision often reaps rewards. 💰
8. Emotional Control: Keep a cool head during market fluctuations.😱
9. Secure Investments: Use reputable platforms for safety.✅
10. Exit Strategy: Know when to take profits or cut losses. 💸
Navigate the crypto market with these savvy strategies! 🌐💹 #CryptoTradingTip #investingtips #FinancialFreedom
🚀 Crypto Trading Success Tips! 💰📈
1. Research First: Informed decisions beat blind guesses. 🧐
2. Risk Management: Only invest what you can afford to lose.⚠️
3. Diversify Portfolio: Spread risk across various assets.💵
4. Stay Informed: Market trends change – stay ahead.ℹ️
5. Discipline is Key: Stick to your trading plan. 🔑
6. Continuous Learning: Adapt to evolving market dynamics. 📝
7. Patience Pays Off: Long-term vision often reaps rewards. 💰
8. Emotional Control: Keep a cool head during market fluctuations.😱
9. Secure Investments: Use reputable platforms for safety.✅
10. Exit Strategy: Know when to take profits or cut losses. 💸
Navigate the crypto market with these savvy strategies! 🌐💹 #CryptoTradingTip #investingtips #FinancialFreedom
"Reflecting on 8 years of navigating the crypto market, I've gained invaluable lessons:
1) Resist FOMO impulses.
2) Avoid early listings to prevent rug pulls like my DODO experience.
3) Acknowledge the dominance of whales over technical analysis.
4) Embrace emotional control for sound decisions.
5) Keep assets unlocked for flexibility.
6) Diversify with 70% in top 20 coins and 30% in alternative assets.
7) Follow one trusted influencer's signals to avoid confusion.
8) Maintain USDT reserves for strategic buying during dips.
9) Seek coins with strong community distribution and limited team ownership to deter price manipulation.
10) Preserve savings; crypto's volatility demands caution. With Bitcoin's backing in question, prudent investing is key. #CryptoWisdom #investingtips #BinanceInsights #Write2Erarn "
1) Resist FOMO impulses.
2) Avoid early listings to prevent rug pulls like my DODO experience.
3) Acknowledge the dominance of whales over technical analysis.
4) Embrace emotional control for sound decisions.
5) Keep assets unlocked for flexibility.
6) Diversify with 70% in top 20 coins and 30% in alternative assets.
7) Follow one trusted influencer's signals to avoid confusion.
8) Maintain USDT reserves for strategic buying during dips.
9) Seek coins with strong community distribution and limited team ownership to deter price manipulation.
10) Preserve savings; crypto's volatility demands caution. With Bitcoin's backing in question, prudent investing is key. #CryptoWisdom #investingtips #BinanceInsights #Write2Erarn "
Traders Are Losing Confidence in the Bitcoin Rally: Is This a Sign of an Early Pullback?
The failure of a bullish upswing after the launch of the spot Bitcoin ETF seems to have circulated a bearish wave across the markets. The Bitcoin price is experiencing minor upswings, which unfortunately is resulting in major pullbacks. The current trend followed by the star token suggests the bears continue to hold a larger dominance. As a result, bulls who have been stuck above the levels of $48,000, $47,000, $43,400, and $41,600 may now be stuck at $40,000 for an extended period.
The markets were more confident over the approval and launch of the Spot Bitcoin ETF and expected the price to rise close to $50,000, as the highs for the year were marked above $48,500. However, failing to do so may have circulated a sense of disappointment and fear among the market participants who may have just entered the crypto space. As per the data from the Santiment, a huge drop in the number of Bitcoin wallets has been witnessed in recent times.
The decline has been observed in three major variants, wallets holding BTC within the range 0 to 1, 1 to 1000, and more than 1000. While the decline in the latter two variants has been witnessed for a long time, wallets holding 0 to 1 BTC have recorded a drop of 0.94% since the launch of the ETF. The number of total Bitcoin wallets has been declining at its swiftest rate since early October, just before the major cycle began. Therefore, the traders are showing a similar level of impatience, with over 1 BTC or less being liquidated in the last 4 days alone.
This pattern indicates that it is a sign of capitulation, which can lead to a market price bounce until the small traders again become optimistic about the rally.
Therefore, with this, the bullish narrative continues to remain in play for the Bitcoin price rally, holding the $50,000 target intact.
#BTC #BitcoinRally #investingtips #BitcoinETF💰💰💰 #CryptoScoop
The failure of a bullish upswing after the launch of the spot Bitcoin ETF seems to have circulated a bearish wave across the markets. The Bitcoin price is experiencing minor upswings, which unfortunately is resulting in major pullbacks. The current trend followed by the star token suggests the bears continue to hold a larger dominance. As a result, bulls who have been stuck above the levels of $48,000, $47,000, $43,400, and $41,600 may now be stuck at $40,000 for an extended period.
The markets were more confident over the approval and launch of the Spot Bitcoin ETF and expected the price to rise close to $50,000, as the highs for the year were marked above $48,500. However, failing to do so may have circulated a sense of disappointment and fear among the market participants who may have just entered the crypto space. As per the data from the Santiment, a huge drop in the number of Bitcoin wallets has been witnessed in recent times.
The decline has been observed in three major variants, wallets holding BTC within the range 0 to 1, 1 to 1000, and more than 1000. While the decline in the latter two variants has been witnessed for a long time, wallets holding 0 to 1 BTC have recorded a drop of 0.94% since the launch of the ETF. The number of total Bitcoin wallets has been declining at its swiftest rate since early October, just before the major cycle began. Therefore, the traders are showing a similar level of impatience, with over 1 BTC or less being liquidated in the last 4 days alone.
This pattern indicates that it is a sign of capitulation, which can lead to a market price bounce until the small traders again become optimistic about the rally.
Therefore, with this, the bullish narrative continues to remain in play for the Bitcoin price rally, holding the $50,000 target intact.
#BTC #BitcoinRally #investingtips #BitcoinETF💰💰💰 #CryptoScoop
Core DAO Launches $5M Innovation Fund😱:
Core DAO, a decentralized autonomous organization, has launched a $5 million ‘Innovation Fund’. The fund is designed to support Africa-based Web3 developers. This initiative is part of a broader effort to promote blockchain technology and cryptocurrencies in Africa. The fund will provide financial support to developers working on innovative projects in the Web3 space. This move is expected to stimulate the growth of the blockchain industry in Africa. It also highlights the potential of decentralized finance (DeFi) to drive economic development in emerging markets.💰
#InvestingTrends #investingincrypto #investingtips
Core DAO, a decentralized autonomous organization, has launched a $5 million ‘Innovation Fund’. The fund is designed to support Africa-based Web3 developers. This initiative is part of a broader effort to promote blockchain technology and cryptocurrencies in Africa. The fund will provide financial support to developers working on innovative projects in the Web3 space. This move is expected to stimulate the growth of the blockchain industry in Africa. It also highlights the potential of decentralized finance (DeFi) to drive economic development in emerging markets.💰
#InvestingTrends #investingincrypto #investingtips
5 Things You NEED to Know Before Going Long or Short on Crypto in 2024
I'm here to break down 5 crucial factors you MUST consider before going long or short on your favorite currencies.
1. Trends and Technicals: The Tea Leaves of Crypto
Ever heard of "Death Crosses" and "Golden Candlesticks"? These technical indicators, alongside trendlines and moving averages, paint a picture of a coin's price movement. Analyze them to understand support and resistance levels, potential breakouts, and overall market sentiment.
2. The Buzz: Hype or Substance?
Is your chosen coin being shilled by every influencer under the sun? While positive news can boost prices, remember: hype is a double-edged sword. Do your own research, check the project's fundamentals, and understand the tech behind the token before blindly following the herd. A coin with a robust community and a clear roadmap might be a safer bet than the next "meme doge."
3. Regulations: The Sword of Damocles
Governments are finally taking notice of the crypto wild west, and regulations are coming. Will they stifle innovation or provide much-needed stability? Stay informed about upcoming regulatory changes and factor them into your trading decisions. Remember, a sudden crackdown can send even the most promising coin plummeting.
4. The Macroeconomic Mosh Pit
Global economic forces like inflation, interest rates, and geopolitical tensions can have a major impact on the crypto market. A strong dollar might weaken altcoins, while a looming recession could trigger a flight to safety, pushing Bitcoin and Ethereum higher. Understanding the bigger economic picture will help you anticipate market movements and make informed trades.
5. Your Gut Feeling: The X-Factor
Intuition isn't everything, but it can be a powerful tool. If something feels off about a coin, or your gut is screaming "sell," don't ignore it. Do some soul-searching, assess your risk tolerance, and remember: it's okay to sit on the sidelines if you're not feeling confident.
#TradingAdvice #CryptoTradingTip #investingtips #TradingTips #CryptoScoop
I'm here to break down 5 crucial factors you MUST consider before going long or short on your favorite currencies.
1. Trends and Technicals: The Tea Leaves of Crypto
Ever heard of "Death Crosses" and "Golden Candlesticks"? These technical indicators, alongside trendlines and moving averages, paint a picture of a coin's price movement. Analyze them to understand support and resistance levels, potential breakouts, and overall market sentiment.
2. The Buzz: Hype or Substance?
Is your chosen coin being shilled by every influencer under the sun? While positive news can boost prices, remember: hype is a double-edged sword. Do your own research, check the project's fundamentals, and understand the tech behind the token before blindly following the herd. A coin with a robust community and a clear roadmap might be a safer bet than the next "meme doge."
3. Regulations: The Sword of Damocles
Governments are finally taking notice of the crypto wild west, and regulations are coming. Will they stifle innovation or provide much-needed stability? Stay informed about upcoming regulatory changes and factor them into your trading decisions. Remember, a sudden crackdown can send even the most promising coin plummeting.
4. The Macroeconomic Mosh Pit
Global economic forces like inflation, interest rates, and geopolitical tensions can have a major impact on the crypto market. A strong dollar might weaken altcoins, while a looming recession could trigger a flight to safety, pushing Bitcoin and Ethereum higher. Understanding the bigger economic picture will help you anticipate market movements and make informed trades.
5. Your Gut Feeling: The X-Factor
Intuition isn't everything, but it can be a powerful tool. If something feels off about a coin, or your gut is screaming "sell," don't ignore it. Do some soul-searching, assess your risk tolerance, and remember: it's okay to sit on the sidelines if you're not feeling confident.
#TradingAdvice #CryptoTradingTip #investingtips #TradingTips #CryptoScoop
🚨#PEPEPotential 🚨
Get ready for a Pepe surge as it sets its sights on reaching milestones at 828, 920, and an impressive 1200. Although there might be a slight slowdown leading into the weekend, analysts remain optimistic about BTC, possibly indicating a new record high next week. If you're considering investing, now could be the opportune moment, especially if you have available resources. Don't worry if you bought in at a high price; there may soon be a chance to either exit or capitalize on gains. Remember, never trade when at a loss. Keep an eye out as Pepe prepares to shake up the market!
#BTC🔥🔥🔥🔥 #investingtips
#HotTrends #Write2Erarn
Get ready for a Pepe surge as it sets its sights on reaching milestones at 828, 920, and an impressive 1200. Although there might be a slight slowdown leading into the weekend, analysts remain optimistic about BTC, possibly indicating a new record high next week. If you're considering investing, now could be the opportune moment, especially if you have available resources. Don't worry if you bought in at a high price; there may soon be a chance to either exit or capitalize on gains. Remember, never trade when at a loss. Keep an eye out as Pepe prepares to shake up the market!
#BTC🔥🔥🔥🔥 #investingtips
#HotTrends #Write2Erarn
What’s are the best strategies for a crypto day trader?
Identifying cycles and prior pricing levels has been the most successful that I have seen while trading multiple coins.
I try to reduce my risks several ways:
1. I only trade pairs with USD or USDT.
a.) I’ve found if I trade other pairs, such as ADA/BTC or XRP/ETH ( non USD or USDT pairs ), I might make a good run of that coin, but by the time I trade it back into my currency, I have barely gained much in usable USD.
b.) Currently my favorite is still BTC/USD as BTC still dominates what most other coins do during the day.
2. I tend to follow cycles that are known to be reversal points.
a.) For example, using the CCI indicator on the 1-hr charts.. I know the market likes to move in 7 day and 30 day cycles typically. I’ll set my CCI indicator to 162 hours and 730 hours and what for the low. As CCI hits below -100, I wait until I see the uptrend coming back and buy in that uptrend at the low. Normally I use MACD for this, but set to 24/52 instead of 12/26 to reduce noise.
b.) I also tend to use custom EMA’s or Hull Moving Averages. I don’t use them like everyone else, but I actually find %’s below the EMA or Hull that price tends to go to, before bouncing back up and trade at that level.
c.) Renko bricks can also help identify uptrends when you see 2 positive bricks based on the ATR ( Average True Range ).
3. I run analysis on the coin based on prior High, Low, Open, Close for the past 120 days in Excel. Things I am looking for are:
a.) Whats the average difference between the high and low for all those days. This will tell me how the coin moves normally from high to low. If I am in the trade mid-day, I can look at how the price has moved today to gauge if there is any more steam left in the coin today.
b.) From this Excel sheet, how far does the price move from the open each day, to the low? Also measure from open to the high. Based on this, I can set my buy and sell number for the day just based on the open.
#InvestingWisdom #investingtips #cryptotips #DayTradingTips #CryptoScoop
Identifying cycles and prior pricing levels has been the most successful that I have seen while trading multiple coins.
I try to reduce my risks several ways:
1. I only trade pairs with USD or USDT.
a.) I’ve found if I trade other pairs, such as ADA/BTC or XRP/ETH ( non USD or USDT pairs ), I might make a good run of that coin, but by the time I trade it back into my currency, I have barely gained much in usable USD.
b.) Currently my favorite is still BTC/USD as BTC still dominates what most other coins do during the day.
2. I tend to follow cycles that are known to be reversal points.
a.) For example, using the CCI indicator on the 1-hr charts.. I know the market likes to move in 7 day and 30 day cycles typically. I’ll set my CCI indicator to 162 hours and 730 hours and what for the low. As CCI hits below -100, I wait until I see the uptrend coming back and buy in that uptrend at the low. Normally I use MACD for this, but set to 24/52 instead of 12/26 to reduce noise.
b.) I also tend to use custom EMA’s or Hull Moving Averages. I don’t use them like everyone else, but I actually find %’s below the EMA or Hull that price tends to go to, before bouncing back up and trade at that level.
c.) Renko bricks can also help identify uptrends when you see 2 positive bricks based on the ATR ( Average True Range ).
3. I run analysis on the coin based on prior High, Low, Open, Close for the past 120 days in Excel. Things I am looking for are:
a.) Whats the average difference between the high and low for all those days. This will tell me how the coin moves normally from high to low. If I am in the trade mid-day, I can look at how the price has moved today to gauge if there is any more steam left in the coin today.
b.) From this Excel sheet, how far does the price move from the open each day, to the low? Also measure from open to the high. Based on this, I can set my buy and sell number for the day just based on the open.
#InvestingWisdom #investingtips #cryptotips #DayTradingTips #CryptoScoop
How This Trader Turned $310 Into Almost $1.5 Million Trading Solana Meme Coins
The cryptocurrency market has recently experienced a significant surge, with Bitcoin (BTC) approaching the $57,000 mark, a price that was last seen at the end of 2021.
Numerous alternative coins, including newly emerged meme coins, are also experiencing remarkable growth, reaching unprecedented highs. One such example is dogwifhat (WIF), which has surged by around 50% in a single day, reaching an all-time high of $0.55, according to CoinGecko’s data.
This surge has provided substantial gains to traders who entered the market early. According to Lookonchain, an individual who invested only $310 worth of Solana (SOL) to purchase 2.58 million WIF tokens is now sitting on paper profits of approximately $1.4 million.
The blockchain analytics platform also unveiled another case where a "smart trader" spent 14,000 SOL ($1.54 million) to acquire 4 million WIF tokens since February 16. Due to the meme coin's price appreciation, the current unrealized profit has grown to $582,000.
This same trader had previously bought 3.98 million WIF for 5,000 SOL and later sold the holdings for 6,443 SOL, resulting in a gain of approximately $150,000.
The Solana-based meme coin emerged at the end of 2023 and quickly gained attention within the industry due to its exponential price surge. It jumped from a modest $0.002 in mid-December to over $0.30 by the end of the month.
The meme coin's popularity extended to social media platforms, and even Arthur Hayes, the co-founder of BitMEX, playfully tweeted about WIF, sharing a photo of himself wearing a hat as a nod to the token's name and logo.
#SolanaInsights #investingtips #sol #MemecoinMadness #BullRun🐂
The cryptocurrency market has recently experienced a significant surge, with Bitcoin (BTC) approaching the $57,000 mark, a price that was last seen at the end of 2021.
Numerous alternative coins, including newly emerged meme coins, are also experiencing remarkable growth, reaching unprecedented highs. One such example is dogwifhat (WIF), which has surged by around 50% in a single day, reaching an all-time high of $0.55, according to CoinGecko’s data.
This surge has provided substantial gains to traders who entered the market early. According to Lookonchain, an individual who invested only $310 worth of Solana (SOL) to purchase 2.58 million WIF tokens is now sitting on paper profits of approximately $1.4 million.
The blockchain analytics platform also unveiled another case where a "smart trader" spent 14,000 SOL ($1.54 million) to acquire 4 million WIF tokens since February 16. Due to the meme coin's price appreciation, the current unrealized profit has grown to $582,000.
This same trader had previously bought 3.98 million WIF for 5,000 SOL and later sold the holdings for 6,443 SOL, resulting in a gain of approximately $150,000.
The Solana-based meme coin emerged at the end of 2023 and quickly gained attention within the industry due to its exponential price surge. It jumped from a modest $0.002 in mid-December to over $0.30 by the end of the month.
The meme coin's popularity extended to social media platforms, and even Arthur Hayes, the co-founder of BitMEX, playfully tweeted about WIF, sharing a photo of himself wearing a hat as a nod to the token's name and logo.
#SolanaInsights #investingtips #sol #MemecoinMadness #BullRun🐂
💡 Want to be ahead of the game in the crypto market? Being early to identify top crypto coins can make a huge difference. Learn how to research, stay active in communities, monitor exchange listings, and explore ICOs to spot potential gems. #cryptocurrency #investingtips
Brink’s Partners With Bitgo:✅
Brink’s, the armored truck giant, has announced a partnership with Bitgo, a digital asset security platform. The partnership aims to enhance the security of cryptocurrency transactions. Brink’s is known for its robust security measures, and this partnership represents a significant step towards mainstream acceptance of cryptocurrencies. The partnership will leverage Brink’s expertise in physical security to protect Bitgo’s digital assets. This move could potentially boost confidence in the security of digital asset transactions. It also underscores the growing intersection between traditional finance and the digital asset industry. 💹
#InvestingTrends #investingincrypto #investingtips
Brink’s, the armored truck giant, has announced a partnership with Bitgo, a digital asset security platform. The partnership aims to enhance the security of cryptocurrency transactions. Brink’s is known for its robust security measures, and this partnership represents a significant step towards mainstream acceptance of cryptocurrencies. The partnership will leverage Brink’s expertise in physical security to protect Bitgo’s digital assets. This move could potentially boost confidence in the security of digital asset transactions. It also underscores the growing intersection between traditional finance and the digital asset industry. 💹
#InvestingTrends #investingincrypto #investingtips
What’s the best way to turn 100K into $1 million on Binance in ten years without being overly aggressive?
Very Simple🙀
Well, you have a big task ahead of you. Get on average 100% per year, roughly 9% per month, consistently, over ten years. Here’s how you could do it.
Use your 100k to actively trade cryptocurrencies, getting 9%-10% monthly.
Buy at every dip and sell whenever you have 10–20% profit.
#CryptoAdvice #InvestingAdventure #InvestingWisdom #investingtips #CryptoScoop
Very Simple🙀
Well, you have a big task ahead of you. Get on average 100% per year, roughly 9% per month, consistently, over ten years. Here’s how you could do it.
Use your 100k to actively trade cryptocurrencies, getting 9%-10% monthly.
Buy at every dip and sell whenever you have 10–20% profit.
#CryptoAdvice #InvestingAdventure #InvestingWisdom #investingtips #CryptoScoop
🛑 Stop trying to time the markets if you're new 📈 It's a game best played by experienced investors who have done their research 🔍 Even then, success isn't guaranteed 🤷♀️ If you're already in early, just ride the wave 🌊 #investingtips #marketstrategy 💰
7 𝐓𝐢𝐩𝐬 𝐓𝐨 𝐋𝐨𝐨𝐤 𝐎𝐮𝐭 𝐟𝐨𝐫 𝐖𝐡𝐞𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐈𝐧 𝐂𝐫𝐲𝐩𝐭𝐨
It is very difficult most times finding a Crypto project that will be profitable on the long run but...
With these seven (7) tips below, you will find it easy to do so henceforth.
Before you continue…
Tap on my profile icon and follow me then share this post to help me get to 1K followers to support my work. Thank you fren.💙💙
Now, let's dive into it...
1️⃣Whitepaper and Project Purpose:
This outlines the project's goals, technology,
use cases, and potential benefits.
It also assesses whether the project has a clear purpose, a strong value
proposition and whether it addresses a genuine
problem or market need.
Moving on...
2️⃣Team and Advisors:
Evaluate the team behind the crypto project.
Check their expertise and see if they're experienced.
Those who are experts and have a track record in the industry.
Check their previous projects, or involvement in the crypto community.
To the next point...
3️⃣Technology and Innovation:
Evaluate the cryptocurrency's underlying technology.
Consider if it's scalable with top security audit,
Whether it's decentralized (uncontrollable) and
unique features or innovations it offers.
Look out for partnerships or collaborations that...
enhance the project's credibility and adoption potential.
Let's move further...
4️⃣Community and Adoption:
Examine the cryptocurrency's community and user base.
Check if there is an active and engaged community supporting the project.
Look for indications of adoption, such as:
↪️Partnerships with established brands,
↪️Integrations with other platforms, or
↪️Usage by the real-world users.
To the next point...
5️⃣Tokenomics and Supply:
Understand the token economics and supply states of the crypto.
Consider factors such as the total supply, distributed and
how tokens are used within the project's ecosystem.
Evaluate if the tokenomics incentivize
long-term value creation and utility.
Let's proceed...
6️⃣Funding or Seed Raised:
Consider factors like funding raised, allocation of funds and
transparency in financial reporting.
Financial stability and sustainable funding can be indicators of a more solid project.
To the last point...
7️⃣Regulatory Environment:
Find out if the projects comply with existing regulations and
any potential impact on its future operations.
Assess the legal and regulatory risks with the project and
the areas it operates in.
Below is your BONUS point for hanging out with me to this stage my fren!
BONUS POINT:
News and Updates:
Follow the official project social media channels for..
announcements, community discussions, and news.
These sources will give you insights into the projects:
ProgressPartnershipsPotential risksTechnological advancements
As long as investing takes understanding the fundamentals as explained above, it also takes wisdom to take profits when the market is excited and invest when it is scary. - Michael Akerele
Which of these points did you consider most important when investing
in Cryptocurrencies for long term profits?
Share it with me in the comment
section below.
For more content like this, ensure you follow me. And...
If you appreciate my work, consider leaving a like on this article and
share it out to support me get to 1k followers before month end.
Your support is greatly appreciated.
PS: Crypto market is very volatile and comes with risks, don't invest without proper knowledge or right mentorship as a beginner.
𝑭𝒊𝒓𝒔𝒕 𝒕𝒊𝒎𝒆 𝒔𝒆𝒆𝒊𝒏𝒈 𝒎𝒚 𝒄𝒐𝒏𝒕𝒆𝒏𝒕? 𝑻𝒉𝒆𝒏 𝑭𝑶𝑳𝑳𝑶𝑾 𝒎𝒆
© Michael Akerele (#AwesomeMike)
#web3
#BTC
#InvestingInsights
#investingtips
#InvestmentOpportunity
#Web3ForAll
#HDLifeCommunity
#cryptocurrency
#blockchain
#Bitcoin2024
#crypto
With these seven (7) tips below, you will find it easy to do so henceforth.
Before you continue…
Tap on my profile icon and follow me then share this post to help me get to 1K followers to support my work. Thank you fren.💙💙
Now, let's dive into it...
1️⃣Whitepaper and Project Purpose:
This outlines the project's goals, technology,
use cases, and potential benefits.
It also assesses whether the project has a clear purpose, a strong value
proposition and whether it addresses a genuine
problem or market need.
Moving on...
2️⃣Team and Advisors:
Evaluate the team behind the crypto project.
Check their expertise and see if they're experienced.
Those who are experts and have a track record in the industry.
Check their previous projects, or involvement in the crypto community.
To the next point...
3️⃣Technology and Innovation:
Evaluate the cryptocurrency's underlying technology.
Consider if it's scalable with top security audit,
Whether it's decentralized (uncontrollable) and
unique features or innovations it offers.
Look out for partnerships or collaborations that...
enhance the project's credibility and adoption potential.
Let's move further...
4️⃣Community and Adoption:
Examine the cryptocurrency's community and user base.
Check if there is an active and engaged community supporting the project.
Look for indications of adoption, such as:
↪️Partnerships with established brands,
↪️Integrations with other platforms, or
↪️Usage by the real-world users.
To the next point...
5️⃣Tokenomics and Supply:
Understand the token economics and supply states of the crypto.
Consider factors such as the total supply, distributed and
how tokens are used within the project's ecosystem.
Evaluate if the tokenomics incentivize
long-term value creation and utility.
Let's proceed...
6️⃣Funding or Seed Raised:
Consider factors like funding raised, allocation of funds and
transparency in financial reporting.
Financial stability and sustainable funding can be indicators of a more solid project.
To the last point...
7️⃣Regulatory Environment:
Find out if the projects comply with existing regulations and
any potential impact on its future operations.
Assess the legal and regulatory risks with the project and
the areas it operates in.
Below is your BONUS point for hanging out with me to this stage my fren!
BONUS POINT:
News and Updates:
Follow the official project social media channels for..
announcements, community discussions, and news.
These sources will give you insights into the projects:
ProgressPartnershipsPotential risksTechnological advancements
As long as investing takes understanding the fundamentals as explained above, it also takes wisdom to take profits when the market is excited and invest when it is scary. - Michael Akerele
Which of these points did you consider most important when investing
in Cryptocurrencies for long term profits?
Share it with me in the comment
section below.
For more content like this, ensure you follow me. And...
If you appreciate my work, consider leaving a like on this article and
share it out to support me get to 1k followers before month end.
Your support is greatly appreciated.
PS: Crypto market is very volatile and comes with risks, don't invest without proper knowledge or right mentorship as a beginner.
𝑭𝒊𝒓𝒔𝒕 𝒕𝒊𝒎𝒆 𝒔𝒆𝒆𝒊𝒏𝒈 𝒎𝒚 𝒄𝒐𝒏𝒕𝒆𝒏𝒕? 𝑻𝒉𝒆𝒏 𝑭𝑶𝑳𝑳𝑶𝑾 𝒎𝒆
© Michael Akerele (#AwesomeMike)
#web3
#BTC
#InvestingInsights
#investingtips
#InvestmentOpportunity
#Web3ForAll
#HDLifeCommunity
#cryptocurrency
#blockchain
#Bitcoin2024
#crypto
🚀 Altcoin Resilience Amidst Bitcoin's Dip: A Guide for Investors 📉💼
Despite Bitcoin's recent sharp dip, altcoins have shown remarkable resilience, defying expectations of a significant sell-off. Here's why:
1. Diversification Pays Off: Investors are diversifying beyond Bitcoin, recognizing the unique value propositions of altcoins and their potential for independent price movements. 💰💡
2. Decoupling in Action: Certain altcoins are decoupling from Bitcoin's price swings, maintaining stability or even gaining ground due to positive news, developments, or market sentiment specific to those projects. 🔄📈
3. Trader Confidence: Some traders are seizing the opportunity presented by Bitcoin's dip to allocate funds into promising altcoins, driving demand and supporting prices. 💪💰
4. Institutional Support: Institutional interest in altcoins continues to grow, providing stability amidst market volatility and reinforcing confidence in select projects. 🏦📊
5. Psychological Factors: Investor perception and sentiment play a crucial role. Strong faith in the long-term potential of altcoins can mitigate sell-offs and sustain prices during turbulent times. 🧠💪
In summary, while Bitcoin's downward trend persists, altcoins are displaying resilience, suggesting that the downward pressure may be losing steam, even amidst continued Bitcoin dumping. Stay informed, stay diversified, and consider the unique opportunities presented by altcoins in this evolving market landscape. 🌟💼 #Crypto #investingtips #Guidance #newsdaily #Memecoins $XRP $MATIC
Despite Bitcoin's recent sharp dip, altcoins have shown remarkable resilience, defying expectations of a significant sell-off. Here's why:
1. Diversification Pays Off: Investors are diversifying beyond Bitcoin, recognizing the unique value propositions of altcoins and their potential for independent price movements. 💰💡
2. Decoupling in Action: Certain altcoins are decoupling from Bitcoin's price swings, maintaining stability or even gaining ground due to positive news, developments, or market sentiment specific to those projects. 🔄📈
3. Trader Confidence: Some traders are seizing the opportunity presented by Bitcoin's dip to allocate funds into promising altcoins, driving demand and supporting prices. 💪💰
4. Institutional Support: Institutional interest in altcoins continues to grow, providing stability amidst market volatility and reinforcing confidence in select projects. 🏦📊
5. Psychological Factors: Investor perception and sentiment play a crucial role. Strong faith in the long-term potential of altcoins can mitigate sell-offs and sustain prices during turbulent times. 🧠💪
In summary, while Bitcoin's downward trend persists, altcoins are displaying resilience, suggesting that the downward pressure may be losing steam, even amidst continued Bitcoin dumping. Stay informed, stay diversified, and consider the unique opportunities presented by altcoins in this evolving market landscape. 🌟💼 #Crypto #investingtips #Guidance #newsdaily #Memecoins $XRP $MATIC