I have lost so much. I want to quit crypto for good.
A student from my free class sent me this.
90% of the time, when you encounter persons that says they are into crypto, they usually do not know what they are doing.
Can they place a trade? YES
Do they know what must be done before deciding to place a trade? NO
DO they understand risk management? NO
Do they have a trading plan or a risk management plan? NO
Can they do basic chart analysis? NO
If you find yourself in this category, then you need to stop, go back to the learning seat and invest yourself in learning.
You should not be trading.
One of the worst mistakes you can make is rushing into trading because other are trading and when you start losing money, you become frustrated and give up.
Believe me when I say crypto is very profitable BuT it is not a get rich quick scheme as many have been made to believe.
So you may ask, What is Crypto trading?
Well, crypto trading is
1. Risk management
2. Risk management (I had to repeat this for emphasis)
3. Research (repeat that)
4. Analysis
5. MINDSET (Read that again in capital letters)
So if you crash into crypto believing to get rich quick, you will most likely crash and burnout.
Therefore if you want to remain consistent and profitable in the crypto space, take the conservative approach and REMEMBER Cryptocurrency is a highly risky business and as such one of the first things you must learn is proper risk management.
Till Next time
#BullorBear #BinanceLaunchpool #Nonfarm #BinanceLaunchpool #BitcoinHalvingDrama

In a whirlwind of trading on Wednesday, a cryptocurrency investor saw remarkable returns from a humble $51 investment. Utilizing the DeFi ecosystem on the Solana network, a mysterious trader made a bold move by swapping SOL for $50.98 worth of NVDA tokens at a rate of 0.00002816.Within a remarkably short span, the NVDA token soared in value, leading to significant gains for the investor. In just two hours, the anonymous trader strategically sold portions of their holdings, totaling $10,900 in profit. This astonishing turnaround represents a staggering 22,000% return on investment (ROI) within a mere 120 minutes, showcasing a remarkable gain of approximately 210 times the initial investment.The transaction took place on Raydium (RAY), the second-largest decentralized exchange on Solana, with a considerable value locked in its DeFi ecosystem. Despite the impressive gains, the identity of the investor remains shrouded in mystery, leaving speculation about whether they were a developer or an insider.This remarkable success story adds to the lore of cryptocurrency, where tales of extreme profits abound, surpassing the returns achievable in traditional stock markets over several years. However, it's essential to remember that such success stories are the exception rather than the norm, with the vast majority of investors experiencing losses in the volatile cryptocurrency market. #TrendingTopic #Portal

Matrixport's report has ignited enthusiasm by setting an ambitious Bitcoin price target, with the introduction of a spot Bitcoin ETF.The pricing dynamics of Bitcoin are susceptible to the Federal Reserve’s interest rate policies. A potential cut in interest rates has the potential to drive an increased appetite for riskier assets, consequently leading to an upswing in the values of cryptocurrencies like Bitcoin. Nonetheless, the Federal Reserve’s decisions wield significant influence over diverse market facets, rendering the prediction of a definite outcome challenging.Furthermore, the impending US presidential elections and the resulting policy uncertainties could introduce additional variables impacting Bitcoin prices. Analyzing the repercussions of political events on cryptocurrency markets proves intricate, defying straightforward predictions.While Matrixport’s projection is of interest, the attainment of a $63,000 target for Bitcoin hinges on numerous variables and is shrouded in uncertainties. Investors are advised to vigilantly observe market dynamics and fundamental factors rather than placing undue reliance on specific forecasts.The impending Bitcoin halving event adds another layer of complexity to the overall assessment of Bitcoin prices. Historically, halving events have demonstrated the potential to boost Bitcoin prices, yet the certainty of replicating this effect remains ambiguous. While halving significantly influences the supply and demand equilibrium, it’s imperative to recognize that other market forces and global events can exert substantial influence.Simultaneously, the Federal Reserve’s interest rate policies emerge as a pivotal determinant. A prospective interest rate reduction has the capacity to stimulate demand for riskier assets, thereby propelling the prices of cryptocurrencies, including Bitcoin. Nevertheless, the far-reaching repercussions of the Federal Reserve’s decisions on various market dimensions introduce an element of unpredictability.The forthcoming US presidential elections and the accompanying policy uncertainties introduce another layer of influence on Bitcoin prices. Navigating the intricate interplay between political events and cryptocurrency markets poses a challenge for making precise predictions.In conclusion, Matrixport’s noteworthy forecast aside, the prospect of Bitcoin reaching a $63,000 target is contingent on a multitude of factors and shrouded in uncertainties. Investors are well-advised to vigilantly track market dynamics and fundamental factors rather than solely relying on specific prognostications.#Write2Earn #TrendingTopic #BTC‬ $BTC

💥📉 5 Pitfalls to Avoid in Trading! Learn and Excel! 📈💥Tired of facing losses despite your dedication to mastering trading? Here are some game-changing tips to turn your luck around and start raking in profits:◼️ Stick to One Strategy: Consistency is key! Avoid the temptation to hop between strategies. Dedicate yourself to a single approach per day for a higher success rate.◼️ Analyze Wisely: Before diving into a trade, conduct a thorough analysis. Check the chart against basic indicators like support/resistance, candle patterns, EMA, RSI, and FVG to boost your chances of success.◼️ Limit Trades: Quality over quantity! Restrict your daily trades to a manageable number, ideally 4 to 6. This curtails the risk of losses. Always set proper TP & SL to safeguard your investments.◼️ Master Risk Management: Employ a robust Risk-Reward ratio between 2-3. Even if you lose a few trades, you'll remain in the green. Smart risk management is the cornerstone of profitable trading.◼️ Follow the Trend: Don't swim against the tide! Trade in alignment with the prevailing trend. Long-term trends often trump short-lived fluctuations, offering more profitable opportunities.◼️ Control Your Exposure: Risk only 1% of your total balance per trade. For instance, with a $1000 balance, limit your risk to $10 per trade. This safeguards you from significant losses during the learning phase.◼️ Backtest and Learn: Test your strategies rigorously before applying them live. Start with small amounts and never succumb to revenge trading. Accept losses gracefully, learn from them, and know when to call it a day.Embrace these strategies, persevere through the learning curve, and watch your trading fortunes soar! 💰🚀🚨Remember: 💥💥A lot of Hardwork goes intofor providing you Best Investment Articles.Your Generous Tips 💸would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.🤗💖#Write2Earn #TrendingTopic #viralmypost

Hold your horses before chasing dollar dreams: Learn to trade safely first!Listen up🤫, future traders. Before you jump in headfirst and blow your account sky high, take a step back and learn the ropes. This ain't no get-rich-quick scheme, so buckle up for some serious education.Master the art of technical analysis and risk management. It's like building a treasure map before embarking on your financial adventure. Trust me, this is the golden advice you need.Haven't charted your course yet? No worries! Dive into the world of trading knowledge. Find a mentor who truly cares about your success, and learn a strategy that's proven to work. Don't just take their word for it - test it, tweak it, and make sure it delivers. Then, and only then, are you ready to set sail.🤔Here's the real deal:Most of you aren't here for the learning curve, you just want the fancy yacht and fast cars. But guess what? You're not ready for the...🌟Mental rollercoaster: Trading can be a mind game, so be prepared for some emotional ups and downs.🌟Stings of defeat: Losses are inevitable, but they fuel your growth. Embrace them as learning opportunities.🌟Blood, sweat, and charts: Mastering technical and fundamental analysis is no walk in the park. Dedicate yourself to the grind.So, are you ready to commit to the journey? If not, that's totally okay. But if you're truly passionate about conquering the markets, then heed this advice: learn, strategize, and prepare for the ride of your life!🫡 #Write2Earn #TrendingTopic #viralpost

Eight months ago, on April 18, 2023, $PEPE was trading at $0.000000055142. If someone had invested $100 in $PEPE at that time and retained it until now, when PEPE is trading at $0.00000141, they would have seen a notable increase in their investment.At the earlier price of $0.000000055142 per $PEPE , a $100 investment would have acquired around 1,815,742,388 PEPE tokens. Holding onto these tokens until the current price of $0.00000141 would result in substantial gains. By multiplying the number of tokens (1,815,742,388) by the present price of $0.00000141, the total value of the investment would be approximately $2,561.44.Moreover, if the investor had held onto $PEPE until its last all-time high of $0.00000431, the potential profit calculation would have been different. By multiplying the initial number of tokens (1,815,742,388) by the highest price of $0.00000431, the total value of the investment would have been approximately $7,826.92.To summarize, if someone had invested $100 in PEPE 8 months ago at the lower price and held onto those tokens until today, the value of their investment would have increased to approximately $2,561.44. However, had they held it until PEPE reached its last all-time high of $0.00000431, the investment value could have grown to approximately $7,826.92, showcasing the potential growth of the initial investment over time.If you found this article Educative, entertaining, informative and helpful please like, share and follow me now.#Write2Earn #TrendingTopic