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@Marinero
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When is altseason? In short: never.
Many are still expecting the arrival of the altseason, looking at the growth waves of the crypto market in past years. However, optimists overlook an important factor: the number of coins has significantly increased compared to previous cycles.
By the most conservative estimates, the number of cryptocurrencies has increased seven to eight times compared to the first altseason of 2017-2018.
If we consider the tokens that are not tracked by monitoring services like CoinGecko and CoinMarketCap, their number exceeds several million. In May 2024 alone, 455,000 tokens were issued on the Solana blockchain, 177,000 on Base, and 39,000 on BNB Chain. Another 20,000 were created during the same period on the Ethereum mainnet, as well as in L2 solutions like Arbitrum and Optimism.
Such scales simply will not allow the entire market or any significant part of it to grow. As evidence, we can observe how, in past years, individual categories and trends developed rather than altcoins as a whole.
For example, the meme-coin market grew from essentially one coin, Dogecoin, to an entire sector with a capitalization of around $50 billion, with almost 900 positions listed on CoinGecko.
This can also include the artificial intelligence trend, which allowed OpenAI's CEO Sam Altman to simultaneously promote Worldcoin.
The fractalization of the market is growing at enormous rates, at times reaching unreasonable proportions. As of early July 2024, CoinGecko distinguishes 354 separate categories, a number that is likely to continue growing. However, not all narratives become popular. Data from 2023 showed that more than 50% of traffic was concentrated in five areas: AI, GameFi, meme-coins, the Solana ecosystem, and RWA.
Some categories remained popular in 2024. According to analysts at BiteyeCN, memes became the most successful market with growth of over 1800%. The RWA segment also significantly outperformed BTC and ETH in returns, with the sector's indicator exceeding 213%. Thus, the market's capacity relative to growth opportunities becomes limited for a large number of tokens and coins simultaneously. Noticeable capitalization growth is primarily driven by major coins like Bitcoin, ETH, and a few others.
Therefore, one should not expect the arrival of a classic altseason at all, nor the growth of entire categories of projects. Instead, we are likely witnessing the formation of a large number of index narratives.
For example, the growth of the American market is typically measured by the S&P 500 index, where about 30% of the value is formed by just seven companies (Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla) out of the 500 listed.
This means that altseason in the future may represent a local short-term growth of trends and blue chips in certain categories, where some market participants will receive super-profits, while the portfolios of others will remain largely unchanged or even incur losses.
By the most conservative estimates, the number of cryptocurrencies has increased seven to eight times compared to the first altseason of 2017-2018.
If we consider the tokens that are not tracked by monitoring services like CoinGecko and CoinMarketCap, their number exceeds several million. In May 2024 alone, 455,000 tokens were issued on the Solana blockchain, 177,000 on Base, and 39,000 on BNB Chain. Another 20,000 were created during the same period on the Ethereum mainnet, as well as in L2 solutions like Arbitrum and Optimism.
Such scales simply will not allow the entire market or any significant part of it to grow. As evidence, we can observe how, in past years, individual categories and trends developed rather than altcoins as a whole.
For example, the meme-coin market grew from essentially one coin, Dogecoin, to an entire sector with a capitalization of around $50 billion, with almost 900 positions listed on CoinGecko.
This can also include the artificial intelligence trend, which allowed OpenAI's CEO Sam Altman to simultaneously promote Worldcoin.
The fractalization of the market is growing at enormous rates, at times reaching unreasonable proportions. As of early July 2024, CoinGecko distinguishes 354 separate categories, a number that is likely to continue growing. However, not all narratives become popular. Data from 2023 showed that more than 50% of traffic was concentrated in five areas: AI, GameFi, meme-coins, the Solana ecosystem, and RWA.
Some categories remained popular in 2024. According to analysts at BiteyeCN, memes became the most successful market with growth of over 1800%. The RWA segment also significantly outperformed BTC and ETH in returns, with the sector's indicator exceeding 213%. Thus, the market's capacity relative to growth opportunities becomes limited for a large number of tokens and coins simultaneously. Noticeable capitalization growth is primarily driven by major coins like Bitcoin, ETH, and a few others.
Therefore, one should not expect the arrival of a classic altseason at all, nor the growth of entire categories of projects. Instead, we are likely witnessing the formation of a large number of index narratives.
For example, the growth of the American market is typically measured by the S&P 500 index, where about 30% of the value is formed by just seven companies (Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla) out of the 500 listed.
This means that altseason in the future may represent a local short-term growth of trends and blue chips in certain categories, where some market participants will receive super-profits, while the portfolios of others will remain largely unchanged or even incur losses.
**A Brief Story of Improving One's Standard of Living**
Once upon a time, I had a close-knit group of cryptocurrency friends.
They managed to multiply their money many times over. We weren't geniuses. You just had to be there to understand how crazy that cycle was.
One of us was planning to cash out his crypto and buy a house with cash.
The rest of us couldn't believe it.
He explained his reasoning.
Once, he had a successful business. He kept investing money into it. Then the business died, and he was left with nothing.
After everything was said and done, he had to move back to his parents' house and start over from scratch.
What he regretted most was not using the profits to change his life forever.
"Raising your standard of living" means improving the worst-case scenario.
So this time, he wanted to cash out and buy a house. No matter what his worst-case scenario would be, he would own a house. He wouldn't have to start from scratch again.
Later, the crash happened, and everyone lost their income.
But he still had his house.
I hope some of you will gain profits that will change your life.
The future is unpredictable – especially in cryptocurrency.
The first thing you need to do is find ways to constantly raise your standard of living.
- This means paying off debts.
- Buying assets like a house or retirement provision.
- Building a year's worth of emergency funds.
By doing this, you give your future self an advantage. If you fail, you'll have a good safety net.
I've seen too many people in this field go from wealth to working at McDonald's.
Nothing compares to the feeling of financial security and the peace of mind that comes with it.
#BNB #binance #Bitcoin #Ethereum #Web3
Once upon a time, I had a close-knit group of cryptocurrency friends.
They managed to multiply their money many times over. We weren't geniuses. You just had to be there to understand how crazy that cycle was.
One of us was planning to cash out his crypto and buy a house with cash.
The rest of us couldn't believe it.
He explained his reasoning.
Once, he had a successful business. He kept investing money into it. Then the business died, and he was left with nothing.
After everything was said and done, he had to move back to his parents' house and start over from scratch.
What he regretted most was not using the profits to change his life forever.
"Raising your standard of living" means improving the worst-case scenario.
So this time, he wanted to cash out and buy a house. No matter what his worst-case scenario would be, he would own a house. He wouldn't have to start from scratch again.
Later, the crash happened, and everyone lost their income.
But he still had his house.
I hope some of you will gain profits that will change your life.
The future is unpredictable – especially in cryptocurrency.
The first thing you need to do is find ways to constantly raise your standard of living.
- This means paying off debts.
- Buying assets like a house or retirement provision.
- Building a year's worth of emergency funds.
By doing this, you give your future self an advantage. If you fail, you'll have a good safety net.
I've seen too many people in this field go from wealth to working at McDonald's.
Nothing compares to the feeling of financial security and the peace of mind that comes with it.
#BNB #binance #Bitcoin #Ethereum #Web3
Hi,
It is becoming increasingly difficult to profit from cryptocurrencies with each cycle, and it's also challenging to preserve the earned money.
Most retail investors will lose interest, and in 5-10 years, it will be just us against bots and insiders.
This cycle is probably the last one when ordinary people can make and save money.
This doesn't mean that people can't join this space and work hard, putting in time and effort.
But it does mean that the bar for entry, in terms of knowledge, understanding, and the ability to make informed decisions, is now higher than ever.
Expect the cost of "market education" to rise, as well as the time needed to become profitable.
#binance #BTC #Ethereum #LEDGER
It is becoming increasingly difficult to profit from cryptocurrencies with each cycle, and it's also challenging to preserve the earned money.
Most retail investors will lose interest, and in 5-10 years, it will be just us against bots and insiders.
This cycle is probably the last one when ordinary people can make and save money.
This doesn't mean that people can't join this space and work hard, putting in time and effort.
But it does mean that the bar for entry, in terms of knowledge, understanding, and the ability to make informed decisions, is now higher than ever.
Expect the cost of "market education" to rise, as well as the time needed to become profitable.
#binance #BTC #Ethereum #LEDGER
What is Cryptocurrency?
## Introduction to the World of Cryptocurrencies
Cryptocurrency is a digital or virtual currency that uses cryptography for security. Unlike traditional currencies such as the dollar or euro, cryptocurrency has no physical form and exists solely in digital form.
### History of Emergence
The first and most well-known cryptocurrency, Bitcoin, was created in 2009 by an anonymous developer (or group of developers) under the pseudonym Satoshi Nakamoto. The idea was to create a decentralized currency that is not controlled by central banks and governments.
### How Does Cryptocurrency Work?
Cryptocurrencies operate on blockchain technology. A blockchain is a distributed ledger of all transactions that have ever been conducted using a particular cryptocurrency. This technology ensures transparency and security of all operations. Each block in the chain contains a list of transactions and a unique code (hash) of the previous block.
### Key Advantages of Cryptocurrencies
1. Decentralization: Cryptocurrencies are not controlled by any central authority, reducing the risk of interference and censorship.
2. Security: The use of cryptography ensures a high level of transaction security.
3. Transparency: All transactions are recorded on the blockchain and are available for verification.
4. Cost Reduction: Transactions with cryptocurrencies are usually cheaper than traditional bank transfers, especially international ones.
### Popular Cryptocurrencies
1. Bitcoin (BTC): The first and most well-known cryptocurrency.
2. Ethereum (ETH): A platform for creating decentralized applications that uses its own cryptocurrency.
3. Ripple (XRP): A cryptocurrency focused on fast and cheap international transactions.
4. Litecoin (LTC): A "lighter" version of Bitcoin with faster transactions.
### Problems and Risks
Despite their advantages, cryptocurrencies have several issues:
1. Volatility: Cryptocurrency prices can fluctuate significantly, creating risks for investors.
2. Regulation: In many countries, the legal status of cryptocurrencies is still undefined, leading to uncertainty.
3. Security: While the blockchain itself is secure, exchanges and wallets can be vulnerable to hackers.
4. Use in Illegal Activities: The anonymity of cryptocurrencies attracts criminals.
### Conclusion
Cryptocurrencies represent an innovative and promising direction in the financial sector. They offer new opportunities for transactions, investments, and even the creation of decentralized applications. However, before investing in cryptocurrencies, it is important to understand all the associated risks and be prepared for the high volatility of the market.
If you have any additional questions or are interested in specific aspects of cryptocurrencies, feel free to ask!
#Bitcoin #Ethereum #Web3 #DeFi
Cryptocurrency is a digital or virtual currency that uses cryptography for security. Unlike traditional currencies such as the dollar or euro, cryptocurrency has no physical form and exists solely in digital form.
### History of Emergence
The first and most well-known cryptocurrency, Bitcoin, was created in 2009 by an anonymous developer (or group of developers) under the pseudonym Satoshi Nakamoto. The idea was to create a decentralized currency that is not controlled by central banks and governments.
### How Does Cryptocurrency Work?
Cryptocurrencies operate on blockchain technology. A blockchain is a distributed ledger of all transactions that have ever been conducted using a particular cryptocurrency. This technology ensures transparency and security of all operations. Each block in the chain contains a list of transactions and a unique code (hash) of the previous block.
### Key Advantages of Cryptocurrencies
1. Decentralization: Cryptocurrencies are not controlled by any central authority, reducing the risk of interference and censorship.
2. Security: The use of cryptography ensures a high level of transaction security.
3. Transparency: All transactions are recorded on the blockchain and are available for verification.
4. Cost Reduction: Transactions with cryptocurrencies are usually cheaper than traditional bank transfers, especially international ones.
### Popular Cryptocurrencies
1. Bitcoin (BTC): The first and most well-known cryptocurrency.
2. Ethereum (ETH): A platform for creating decentralized applications that uses its own cryptocurrency.
3. Ripple (XRP): A cryptocurrency focused on fast and cheap international transactions.
4. Litecoin (LTC): A "lighter" version of Bitcoin with faster transactions.
### Problems and Risks
Despite their advantages, cryptocurrencies have several issues:
1. Volatility: Cryptocurrency prices can fluctuate significantly, creating risks for investors.
2. Regulation: In many countries, the legal status of cryptocurrencies is still undefined, leading to uncertainty.
3. Security: While the blockchain itself is secure, exchanges and wallets can be vulnerable to hackers.
4. Use in Illegal Activities: The anonymity of cryptocurrencies attracts criminals.
### Conclusion
Cryptocurrencies represent an innovative and promising direction in the financial sector. They offer new opportunities for transactions, investments, and even the creation of decentralized applications. However, before investing in cryptocurrencies, it is important to understand all the associated risks and be prepared for the high volatility of the market.
If you have any additional questions or are interested in specific aspects of cryptocurrencies, feel free to ask!
#Bitcoin #Ethereum #Web3 #DeFi
Here is a brutal exercise that can change the course of your life.
Open your phone's camera.
Turn on the selfie mode.
Hold it out in front of you.
Look at the screen for a minute.
Ask yourself:
"Am I truly happy being this reflection?"
Is it healthy?
Is it happy?
Does it strive for freedom?
What does this person look like?
Who does this person want to be?
Does he look tired and broken because he is locked in work for 16 hours a day, then aimlessly scrolls through feeds, feels sad, and goes to sleep?
Is this really what you wanted?
Most people won't do this because it's already damn hard for them to look at themselves.
But if you have a bit of courage, you will do it.
And you will see that you are not yet close to the state you want to be in.
But you will see a sparkle in your eyes.
A sparkle that burns with a bright flame to become the best version of yourself.
A better parent.
Taking care of your health.
A wealthy person, rich in spirit and society.
Someone who helps others before themselves.
Someone who lives freely, outside the system.
Self-deprecation is a hell of a drug.
It's time to upgrade.
#BTC #binance #Ethereum #DeFi #Web3
Open your phone's camera.
Turn on the selfie mode.
Hold it out in front of you.
Look at the screen for a minute.
Ask yourself:
"Am I truly happy being this reflection?"
Is it healthy?
Is it happy?
Does it strive for freedom?
What does this person look like?
Who does this person want to be?
Does he look tired and broken because he is locked in work for 16 hours a day, then aimlessly scrolls through feeds, feels sad, and goes to sleep?
Is this really what you wanted?
Most people won't do this because it's already damn hard for them to look at themselves.
But if you have a bit of courage, you will do it.
And you will see that you are not yet close to the state you want to be in.
But you will see a sparkle in your eyes.
A sparkle that burns with a bright flame to become the best version of yourself.
A better parent.
Taking care of your health.
A wealthy person, rich in spirit and society.
Someone who helps others before themselves.
Someone who lives freely, outside the system.
Self-deprecation is a hell of a drug.
It's time to upgrade.
#BTC #binance #Ethereum #DeFi #Web3
99% of projects actually don't need a token.
Study Base, Arbitrum, LayerZero, and Wormhole (before the token launch), etc.
All amazing products – and they all function completely without a token (Base is still functioning and thriving).
But let me add another nuance.
There are obvious arguments for having a token (decentralization, governance, bootstrapping, liquidity, community building, etc.).
And these are undoubtedly important factors.
But in reality, and this is important to understand from a retail perspective, these factors are usually secondary to the main principle: it is much easier to attract capital/make a profit compared to traditional revenue models.
And many crypto products wouldn't be able to attract capital (and, consequently, create) if it weren't for this dynamic (since these businesses simply wouldn't be profitable enough just from revenues).
So do these products need tokens to function? No.
But does the industry depend on new tokens for innovation? Yes.
Obvious downsides: private > public market, token dilution, liquidity fragmentation, etc.
But the obvious upside is: more innovation, as teams can attract capital to build, and developers have an incentive to develop new products/dApps.
I would like to see more infrastructure products representing more interesting/dynamic token utilities – as we have seen in the DeFi market.
#BTC #binance #Ethereum #DeFi #Web3
Study Base, Arbitrum, LayerZero, and Wormhole (before the token launch), etc.
All amazing products – and they all function completely without a token (Base is still functioning and thriving).
But let me add another nuance.
There are obvious arguments for having a token (decentralization, governance, bootstrapping, liquidity, community building, etc.).
And these are undoubtedly important factors.
But in reality, and this is important to understand from a retail perspective, these factors are usually secondary to the main principle: it is much easier to attract capital/make a profit compared to traditional revenue models.
And many crypto products wouldn't be able to attract capital (and, consequently, create) if it weren't for this dynamic (since these businesses simply wouldn't be profitable enough just from revenues).
So do these products need tokens to function? No.
But does the industry depend on new tokens for innovation? Yes.
Obvious downsides: private > public market, token dilution, liquidity fragmentation, etc.
But the obvious upside is: more innovation, as teams can attract capital to build, and developers have an incentive to develop new products/dApps.
I would like to see more infrastructure products representing more interesting/dynamic token utilities – as we have seen in the DeFi market.
#BTC #binance #Ethereum #DeFi #Web3
Rotation of assets is one of the most challenging aspects of the market.
It requires you not only to predict the market direction but also to determine the timing of relative strength/weakness between highly correlated assets.
Most rotations involve traders buying weak assets because they missed out on the strong ones.
Typically, strong assets remain strong, and by the time they become weak, the entire market is already exhausted, and the only rotations should be USD in your bank account.
As with everything, there are exceptions, and sometimes you can find truly interesting deals.
But if you are a novice trader with strong positions, your first thought should not be "how can I get rid of these and buy something weaker?"
#BTC #binance #Ethereum #Web3 #DeFi
It requires you not only to predict the market direction but also to determine the timing of relative strength/weakness between highly correlated assets.
Most rotations involve traders buying weak assets because they missed out on the strong ones.
Typically, strong assets remain strong, and by the time they become weak, the entire market is already exhausted, and the only rotations should be USD in your bank account.
As with everything, there are exceptions, and sometimes you can find truly interesting deals.
But if you are a novice trader with strong positions, your first thought should not be "how can I get rid of these and buy something weaker?"
#BTC #binance #Ethereum #Web3 #DeFi
**10 Things I Wish I Knew Before I Started Trading:**
1. You will make mistakes often, and that's okay.
2. There will always be another trading opportunity.
3. Predicting lows and highs earns you fame, not money.
4. Not making a trade is often the best trade.
5. Forget about your portfolio's past highs; the market doesn't care how much you had before.
6. Learn from the best traders.
7. Winning or losing on a single trade doesn't matter; think about the next 100 trades.
8. Simplify your trading as much as possible.
9. Put health first; always choose sleep over trading.
10. Don't idolize traders with a lot of followers.
#binance #Bitcoin #Ethereum
1. You will make mistakes often, and that's okay.
2. There will always be another trading opportunity.
3. Predicting lows and highs earns you fame, not money.
4. Not making a trade is often the best trade.
5. Forget about your portfolio's past highs; the market doesn't care how much you had before.
6. Learn from the best traders.
7. Winning or losing on a single trade doesn't matter; think about the next 100 trades.
8. Simplify your trading as much as possible.
9. Put health first; always choose sleep over trading.
10. Don't idolize traders with a lot of followers.
#binance #Bitcoin #Ethereum
The reality is:
Bulls have long-term potential.
Bears have short-term advantage.
Remember, new trends are born from within and manifest outwardly.
So, "zoom out and look at the weekly chart" works until it doesn't.
It gives a good broad view of where we might potentially go.
But to see shifts in momentum, you need to pay attention to flows, microstructure, and small trend shifts within microtrends.
All I want to say is that not the loudest macro bulls will notice these regime changes, so I support sticking to one side according to your thesis.
#ЛюбимыйТокен #binance #Bitcoin #Ethereum
Bulls have long-term potential.
Bears have short-term advantage.
Remember, new trends are born from within and manifest outwardly.
So, "zoom out and look at the weekly chart" works until it doesn't.
It gives a good broad view of where we might potentially go.
But to see shifts in momentum, you need to pay attention to flows, microstructure, and small trend shifts within microtrends.
All I want to say is that not the loudest macro bulls will notice these regime changes, so I support sticking to one side according to your thesis.
#ЛюбимыйТокен #binance #Bitcoin #Ethereum
Key events for today, June 24, 2024, Monday:
🇺🇸Waller (Fed) - 10:00 UTC+3
🇩🇪Germany - Ifo Business Climate Index (June) - 11:00 UTC+3
🇪🇺Nagel (ECB) - 13:10 UTC+3
🇪🇺McCaul (ECB) - 17:15 UTC+3
🇺🇸USA - Dallas Fed Manufacturing Business Index (June) - 17:30 UTC+3
🇪🇺Schnabel (ECB) - 18:30 UTC+3
🇨🇦Governor of the Bank of Canada - 20:45 UTC+3
🇺🇸Daly (Fed) - 21:00 UTC+3
🇺🇸#CRWD #KKR #GDDY CrowdStrike, KKR, and GoDaddy stocks will be included in the S&P 500 index calculation
#ЛюбимыйТокен #BNB #binance #Bitcoin #Ethereum
🇺🇸Waller (Fed) - 10:00 UTC+3
🇩🇪Germany - Ifo Business Climate Index (June) - 11:00 UTC+3
🇪🇺Nagel (ECB) - 13:10 UTC+3
🇪🇺McCaul (ECB) - 17:15 UTC+3
🇺🇸USA - Dallas Fed Manufacturing Business Index (June) - 17:30 UTC+3
🇪🇺Schnabel (ECB) - 18:30 UTC+3
🇨🇦Governor of the Bank of Canada - 20:45 UTC+3
🇺🇸Daly (Fed) - 21:00 UTC+3
🇺🇸#CRWD #KKR #GDDY CrowdStrike, KKR, and GoDaddy stocks will be included in the S&P 500 index calculation
#ЛюбимыйТокен #BNB #binance #Bitcoin #Ethereum
Trading Frequency and Why It Can Be a Problem
If most of your struggles as a trader come from thinking about your last trade instead of the next one, let me tell you something.
From my experience, those who dwell too much on their last trade share a common trait: they make fewer trades than those who don’t.
The reason is that the more trades you make, the less time you have to think about previous trades. There's already another opportunity to seize.
For example, if you make 1-2 trades per week, you have much more time to obsess over the last trade instead of moving on and focusing on the next one. These trades mean more to you than, say, for those who trade intraday/scalp.
Intraday traders often make 2-3 trades a day, and scalpers can make between 10 to 100 trades a day. These people don't have time to sit and reflect. Another opportunity has already presented itself. They know how to reset and move on.
I don’t believe everyone should trade more frequently. That’s not what I’m advocating for here. Some people can sit for days, waiting for the right moment to pounce. If they lose, they can easily move on. They are constantly in the game.
For those who can't switch gears quickly, I would advise increasing your trading frequency. Even if only for a short period, to improve this part of your game. Moving forward quickly is crucial. If you get upset about taking a loss, the next trade will be even harder.
Trading is about the next trades, not the last trade you made.
#ЛюбимыйТокен #BNB #binance #Bitcoin #Ethereum
If most of your struggles as a trader come from thinking about your last trade instead of the next one, let me tell you something.
From my experience, those who dwell too much on their last trade share a common trait: they make fewer trades than those who don’t.
The reason is that the more trades you make, the less time you have to think about previous trades. There's already another opportunity to seize.
For example, if you make 1-2 trades per week, you have much more time to obsess over the last trade instead of moving on and focusing on the next one. These trades mean more to you than, say, for those who trade intraday/scalp.
Intraday traders often make 2-3 trades a day, and scalpers can make between 10 to 100 trades a day. These people don't have time to sit and reflect. Another opportunity has already presented itself. They know how to reset and move on.
I don’t believe everyone should trade more frequently. That’s not what I’m advocating for here. Some people can sit for days, waiting for the right moment to pounce. If they lose, they can easily move on. They are constantly in the game.
For those who can't switch gears quickly, I would advise increasing your trading frequency. Even if only for a short period, to improve this part of your game. Moving forward quickly is crucial. If you get upset about taking a loss, the next trade will be even harder.
Trading is about the next trades, not the last trade you made.
#ЛюбимыйТокен #BNB #binance #Bitcoin #Ethereum
The only people who glorify poverty and claim to have learned "courage" from it are those who have never faced poverty.
People who have actually experienced poverty know that you just become chronically anxious because you could never afford a healthy, stable life.
They know that in an environment of low trust, you develop a bunch of bad habits that you'll have to unlearn later if you want a chance to build loving relationships.
They know that you'll spend many years trying to escape the crab bucket of people who thought that since they never lived well, there's no need to start.
They know that you could never invest money in the long term because your family always lived paycheck to paycheck despite the most frugal lifestyle possible.
They know that you never had the opportunity to travel or experience anything that cost even a little money, and as a result, you became withdrawn and dogmatic.
From time to time, you'll hear stories of a few "survivors" who managed to make it, but they succeeded despite adverse circumstances and would likely have achieved much more if they had spent less time worrying about survival or interacting with people who lack basic common sense.
The world is full of shameless people who don't tell the whole story; plenty of successful people will tell you that you need to suffer to succeed, but they usually don't talk about the kind of suffering you'll have to overcome if you start from the very bottom.
#ЛюбимыйТокен #BTC #binance #Ethereum
People who have actually experienced poverty know that you just become chronically anxious because you could never afford a healthy, stable life.
They know that in an environment of low trust, you develop a bunch of bad habits that you'll have to unlearn later if you want a chance to build loving relationships.
They know that you'll spend many years trying to escape the crab bucket of people who thought that since they never lived well, there's no need to start.
They know that you could never invest money in the long term because your family always lived paycheck to paycheck despite the most frugal lifestyle possible.
They know that you never had the opportunity to travel or experience anything that cost even a little money, and as a result, you became withdrawn and dogmatic.
From time to time, you'll hear stories of a few "survivors" who managed to make it, but they succeeded despite adverse circumstances and would likely have achieved much more if they had spent less time worrying about survival or interacting with people who lack basic common sense.
The world is full of shameless people who don't tell the whole story; plenty of successful people will tell you that you need to suffer to succeed, but they usually don't talk about the kind of suffering you'll have to overcome if you start from the very bottom.
#ЛюбимыйТокен #BTC #binance #Ethereum
Alloy
Tether has launched a new stablecoin — Alloy! Its operations are fully backed by a physical reserve of gold bars. The first token in the Alloy series is USD₮. It is pegged to the value of the US dollar, and the gold itself is stored in a Swiss bank.
Tether claims that the new coin is safe and stable due to its backing by tangible assets.
#Alloy #USDT
Tether claims that the new coin is safe and stable due to its backing by tangible assets.
#Alloy #USDT
It is much more difficult to make money in this cycle compared to previous ones.
1) You won't be able to make money by buying old altcoins, as most of them have already been pumped, with various founders and venture funds having already cashed out, and no one, including their team, cares about them anymore.
2) You can't make money by buying new altcoins, as most of them are already launching at too high valuations with low float supply, allowing only venture funds and founders to make money, not you.
3) You can't make money by farming airdrops, as most of them already have millions of farmers, making each project overcrowded, so even if everything goes according to plan, you'll get nothing.
Everything is literally sucking money out of retailers right now.
And you know what, the next cycle will be harder and harder than you can imagine, so take responsibility and do whatever it takes to achieve financial freedom before the "easy money" runs out and you are forever trapped in the rat race.
#binance #Bitcoin #ETH #Polygon
1) You won't be able to make money by buying old altcoins, as most of them have already been pumped, with various founders and venture funds having already cashed out, and no one, including their team, cares about them anymore.
2) You can't make money by buying new altcoins, as most of them are already launching at too high valuations with low float supply, allowing only venture funds and founders to make money, not you.
3) You can't make money by farming airdrops, as most of them already have millions of farmers, making each project overcrowded, so even if everything goes according to plan, you'll get nothing.
Everything is literally sucking money out of retailers right now.
And you know what, the next cycle will be harder and harder than you can imagine, so take responsibility and do whatever it takes to achieve financial freedom before the "easy money" runs out and you are forever trapped in the rat race.
#binance #Bitcoin #ETH #Polygon
Good morning.
Earning money in this cycle is much harder than in previous ones.
1) You won't be able to make money by buying old altcoins because most of them have already been pumped, founders and venture funds have already cashed out, and no one, including their teams, cares about them anymore.
2) You can't make money by buying new altcoins because most of them are already launching with too high valuations and low float supply, allowing only venture funds and founders to make money, but not you.
3) You can't make money farming airdrops because most of them already have millions of farmers, making each project oversaturated, so even if everything goes according to plan, you'll get peanuts.
Everything is literally sucking money out of retailers right now.
And you know what, the next cycle will be harder and harder than you can imagine, so take responsibility and do whatever it takes to achieve financial freedom before the "easy money" ends and you are forever trapped in the rat race.
#binance #Bitcoin #ETH #Polygon
Earning money in this cycle is much harder than in previous ones.
1) You won't be able to make money by buying old altcoins because most of them have already been pumped, founders and venture funds have already cashed out, and no one, including their teams, cares about them anymore.
2) You can't make money by buying new altcoins because most of them are already launching with too high valuations and low float supply, allowing only venture funds and founders to make money, but not you.
3) You can't make money farming airdrops because most of them already have millions of farmers, making each project oversaturated, so even if everything goes according to plan, you'll get peanuts.
Everything is literally sucking money out of retailers right now.
And you know what, the next cycle will be harder and harder than you can imagine, so take responsibility and do whatever it takes to achieve financial freedom before the "easy money" ends and you are forever trapped in the rat race.
#binance #Bitcoin #ETH #Polygon
"The current market sentiment is quite bleak.
Rarely have I seen such despair, probably at the bottom of a bear market.
There is no interest, and those who are interested complain the most, despite Bitcoin still trading above 60 thousand.
It is likely due to the excessive vulnerability of altcoins, where dreams vanish every time BTC moves a few percent in the wrong direction.
Perhaps that's what they want from us."
#BTC #binance #Ethereum
Rarely have I seen such despair, probably at the bottom of a bear market.
There is no interest, and those who are interested complain the most, despite Bitcoin still trading above 60 thousand.
It is likely due to the excessive vulnerability of altcoins, where dreams vanish every time BTC moves a few percent in the wrong direction.
Perhaps that's what they want from us."
#BTC #binance #Ethereum
---
Cryptocurrency list for the upcoming week:
$BTC - The next FOMC meeting will be held on June 12. Experts estimate a 5% probability of a rate cut.
$FET $AGIX $OCEAN - Fetch AI, Ocean Protocol, and SingularityNET will complete the merger of their tokens on June 13.
$ZK - It is confirmed that the zkSync token will be launched shortly after the v24 update, which has just been completed.
$STRK - On June 15, $73M STRK (4.9% of the circulating supply) will be unlocked. All of these will go to investors and early contributors.
$PSTAKE - pSTAKE will soon launch a liquid staking solution for Bitcoin.
$FJO - The Fjord Foundry launchpad will be launched on Solana on June 10.
That's all for now.
#TopCoinsJune2024 #BNB #binance #ETH
Cryptocurrency list for the upcoming week:
$BTC - The next FOMC meeting will be held on June 12. Experts estimate a 5% probability of a rate cut.
$FET $AGIX $OCEAN - Fetch AI, Ocean Protocol, and SingularityNET will complete the merger of their tokens on June 13.
$ZK - It is confirmed that the zkSync token will be launched shortly after the v24 update, which has just been completed.
$STRK - On June 15, $73M STRK (4.9% of the circulating supply) will be unlocked. All of these will go to investors and early contributors.
$PSTAKE - pSTAKE will soon launch a liquid staking solution for Bitcoin.
$FJO - The Fjord Foundry launchpad will be launched on Solana on June 10.
That's all for now.
#TopCoinsJune2024 #BNB #binance #ETH
The best trading management advice I’ve ever received:
"Give your trade some breathing room."
It sounds simple, but this advice contains several key lessons:
1. **Don’t use overly tight stops.** Unless your market entry is dictated by divine intervention or the setup justifies it, give yourself some room for error. Especially if you're trading altcoins with leverage – you should expect breaches even at the "best" levels. This shouldn't invalidate your entire idea.
2. **Don’t rush to manage the trade immediately.** If your target/assessment is at least a few percent away, don’t worry about small movements between them. The initial reaction may be important, but even on intraday timeframes, the market typically oscillates, tests your entry, etc., before bouncing back. This is especially true if you’re trading on higher timeframes and targeting higher timeframe movements – give the market some time and give yourself a chance to be right.
3. **Over-managing is a symptom of oversized positions.** If you find yourself glued to the PnL and minute chart, accompanied by feelings of anxiety and regret, then you’ve risked too much on something mediocre. The looming threat of significant losses will make you paranoid and nervous, leading to poor trading management decisions. Practically, I’ve seen traders go from unprofitable to profitable by following this. Trade the chart, not the potential PnL.
4. **Beware of breakeven points.** Moving to breakeven doesn’t make a trade “risk-free.” The risk is that you’ll get stopped out on a perfectly valid setup that would have made you money if you had been more patient. This risk is compounded if suddenly your best setups turn into breakeven trades and you have just as many failures – that’s how you ruin an account. Save breakeven points for special circumstances (if any) – extraordinary entries that shouldn't be second-guessed if your idea is correct.
#binance #Ethereum #BTC #TopCoinsJune2024
"Give your trade some breathing room."
It sounds simple, but this advice contains several key lessons:
1. **Don’t use overly tight stops.** Unless your market entry is dictated by divine intervention or the setup justifies it, give yourself some room for error. Especially if you're trading altcoins with leverage – you should expect breaches even at the "best" levels. This shouldn't invalidate your entire idea.
2. **Don’t rush to manage the trade immediately.** If your target/assessment is at least a few percent away, don’t worry about small movements between them. The initial reaction may be important, but even on intraday timeframes, the market typically oscillates, tests your entry, etc., before bouncing back. This is especially true if you’re trading on higher timeframes and targeting higher timeframe movements – give the market some time and give yourself a chance to be right.
3. **Over-managing is a symptom of oversized positions.** If you find yourself glued to the PnL and minute chart, accompanied by feelings of anxiety and regret, then you’ve risked too much on something mediocre. The looming threat of significant losses will make you paranoid and nervous, leading to poor trading management decisions. Practically, I’ve seen traders go from unprofitable to profitable by following this. Trade the chart, not the potential PnL.
4. **Beware of breakeven points.** Moving to breakeven doesn’t make a trade “risk-free.” The risk is that you’ll get stopped out on a perfectly valid setup that would have made you money if you had been more patient. This risk is compounded if suddenly your best setups turn into breakeven trades and you have just as many failures – that’s how you ruin an account. Save breakeven points for special circumstances (if any) – extraordinary entries that shouldn't be second-guessed if your idea is correct.
#binance #Ethereum #BTC #TopCoinsJune2024
Regrets about a bull market take two main forms:
1. Insufficient positions
2. Insufficient holding
To fix (1), you increase size and make more positions (including increasing the overall leverage of the portfolio, less liquid positions, and holding through "unreasonable" price + valuation movements). The cost - higher portfolio volatility, higher risk of ruin, and likely significant drawdowns from your portfolio's ATH. But if done well, you can earn quite a bit, though with a higher risk of depleting your portfolio.
To fix (2), you take profits on the way up and generally become more conservative the longer the trend continues (fewer illiquid bets, less leverage, more TP and trade management). The cost - lower growth potential and potentially "missing out" on the cycle of opportunities. If done right, you earn much less but preserve more.
Important: it is not possible to solve both tasks simultaneously.
Choose your poison.
#TopCoinsJune2024 #BTC #BNB #Ethereum
1. Insufficient positions
2. Insufficient holding
To fix (1), you increase size and make more positions (including increasing the overall leverage of the portfolio, less liquid positions, and holding through "unreasonable" price + valuation movements). The cost - higher portfolio volatility, higher risk of ruin, and likely significant drawdowns from your portfolio's ATH. But if done well, you can earn quite a bit, though with a higher risk of depleting your portfolio.
To fix (2), you take profits on the way up and generally become more conservative the longer the trend continues (fewer illiquid bets, less leverage, more TP and trade management). The cost - lower growth potential and potentially "missing out" on the cycle of opportunities. If done right, you earn much less but preserve more.
Important: it is not possible to solve both tasks simultaneously.
Choose your poison.
#TopCoinsJune2024 #BTC #BNB #Ethereum