COPING WITH THE BEARISH SEASON

If you are one of us that hold on our coin these bearish period,then you have fully arrived in crypto trading. $BTC , #Pepe #Floki #SHIBAUSDT #Bonk and other coins has been too slow,still below resistance, making some of the investors to lose patients by selling their tokens. Although August, according to record has been a bearish seasons but human nature has made some of us anxious because of uncertainties especially in crypto world. I've projected my expectations to the end of the year because I know that some certain factors could bring in bullish period for example,in September, US Central Bank policy announcement would surely reflect on crypto market. If they reduce the interest rate, More investors will invest in risky assets, hence the more investment in crypto assets. Also, the US election will play another role, making people to invest based on the manifestos of the winning party. Let us be strong, patients, courageous, hold as if your life depends on it and we'll all smile at last.

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#BinanceLaunchpoolTON #BinanceTurns7
#MarketDownturn

FALL IN THE CRYPTO MARKET
THE CAUSES AND
THE PROSPECTIVE OPPORTUNITY

For a week plus,we have seen the drastic fall in the crypto market, causing panic among the traders and making some to be at loss by selling their assets. In less than twenty four hours, Bitcoin fall up to 15% to $53,000, Ethereum dropped 20% to $2390 and all the altcoins. NOW WHAT IS THE CAUSE?

There has been a fall in the global stock market. Japan suffers worst day since 1987. Tokyo's Topix fell 12.2% . S and P 500 lost 4.1%. The market which has rising Since this year fell because of fear of federal reserve has been too slow to responds which is a sign of weakling economy. Investors predicted that this could lead to increase in interest rate and restrategised by selling their stocks. Adding to the Panic Warren Buffett's Berkshire Hathaway disclosed halving its position in Apple, adding it up by raising $277billion to purchase US Treasury bills in Q2. Also ,Global stock market fell plummeted amid the activities of the Japanese financial markets in which traders had taken the advantage of cheap Japanese interest rate (unlike the US ) by borrowing from Japan to invest in risky projects. Following the strengthening of Yuen in mid July, helped by the increase in the interest rate from Bank of Japan, this reduced the demand of Yuan in the financial markets, hence the fall in the global stock market. As panic increase, traders resort to selling their risky assets, hence the massive selling in crypto market.
While we are in the bearish season in crypto market, this is the best time to invest in Crypto as the investors are waiting for the US Central Bank policy announcement in next month. If the interest rate is reduced, Traders will invest in stock market and crypto market but if it increases,they would invest in US Treasury bills. But there are high expectations that the Interest rate will be reduced next month . This will increase the demand in crypto and will lead to $BTC reaching 80,000.
#MarketDownturn

PESSIMISTIC AND OPTIMISTIC

Whenever I decide to trade, I've already gotten my measure which is PESSIMISM.

If you want to have rest of mind, free from depression,no anxiety then you have to lower your expectations during trading . Because of the bearish market trends, I've seen some saying, " I'm quitting crypto, I'm not trading again", nobody will tell you that such person had given it all, putting all his hope,expection on his investment and are now depressed. Such a person might have so many problem to solve with such expected earning but instead losing 50% of his capital.

Based on my perspective and experience don't be too optimistic on crypto market,be pessimistic,expect the worst. This is how you'll have rest of mind and might see the surprises in the market. I've projected my pessimistic mind that even if $BTC fall to $20,000, I'll still feel relaxed because I know that is how the market works.

#Write2earn #Bearish #BinanceHODLerBANANA #HamsterKombat

WHAT'S THE WAY FORWARD?

For two days now, we have witnessed the bearish of crypto leading to many thoughts on our mind. Many of us have different purpose of investment. Some borrowed money to invest while some wanted to make short term profit to support their businesses. A friend of mine invested all his savings in a particular coin and the coin has depreciated up to 40%. So,many of us depend on Crypto for our daily bread and frustration of the outcome of the market had lead to so many thoughts on our mind like.,
1. Regrets about the investment on crypto
2. Frustration about the expected pressure from our creditors.
3. The panic of further bearish.
4. And the thought of selling it.

Now the question is WHAT IS THE WAY FORWARD?
The challenges I mentioned above is based prevalent challenges traders face especially new traders in the crypto market. What we are witnessing currently is not the first time and it won't be the last. In crypto, the market are divided into two ( The bullish and The bearish) which means we are now at the bearish season of the market. We should know that price fluctuation in crypto market is based on demand and supply, Panic and Greed etc therefore, there are ups and downs which are the reason we shouldn't Panic or sell our coins. NOW READ THIS.

IN 2021,We witnessed one of the biggest volatility in crypto market which were mainly caused by government agencies. The Chinese government announced that All crypto transactions were illegal. #BTC mining was cracked down upon following a meeting of State council financial stability and development in May, which resulted in the massive shutdown all crypto mining in the country . The meeting in May 2021 saw Bitcoin dropped down to $29,000 in August, 2021. When media outlets announced Proshare's introduction of its Bitcoin Strategy ETF (exchange-traded fund) in late October 2021, Bitcoin's price skyrocketed over the next few weeks. Investors jumped at the chance to gain exposure to a cryptocurrency on an official exchange, causing a price jump to almost $69,000. #BTC #Pepe #Shib #Floki
#Matic

RISK

PATIENTS

One of the things I learnt while trading in crypto is RISK. Now let's discuss.

Crypto currency is one of wonders of the world that defies the logic that only the wise can make money or become Rich but this project proved The whole world wrong.

In 2010, the nascent stage of Bitcoin, 1 $BTC was less than $1. During this time, people were being begged to invest in the crypto project. Imagine a random website telling you about a currency that doesn't have any approval or creation from any government of the world. It looks silly and completely scam in the perspective of the Wise at that time, only the purported FOOLS invested in this one's in a lifetime opportunity. In the beginning of this year, the value of the token surpassed $70,000. Those people that took the risk are now Millionaires, while the wise ones then are now living in regret. In crypto,if you don't take calculated risk, you'll hardly make money.

Another thing I learnt while trading is PATIENTS. Crypto investment goes with patients. If you don't exercise patients, you will make some mistakes that you'll regret and make you lose some money. This is why some people will say, " Crypto is scam", but there problem is not following the guidance of the trade. Now let me burst your brain.

Someone that invested $10,000 in #WIF coin Jan.,2024 would have made $71,000 in March 2024. A person that bought #Pepe with the same $10,000 in March would have made $21,000 in this July. The same with #Floki. If you invest $10,000 in #Floki on March, you will make $38,000. For you to have the patience, you need to have another source of income which will erase the dependency on crypto trading as sources of living. Thanks so to you all . #bullish
#BTC

The market looks greenish .

Is this a bullish period ?

If so, Can this last for a long term ?

We'll know the Answer in few days .

#BitcoinConference2024
#BinanceTurns7
#ETH_ETFs_Approval_Predictions

THE CRYPTO MARKET FALL
THE PANIC/FEAR AND
THE RISE EXPECTATIONS

This is not a news for pro crypto traders that the #Crypto market forecasts are not 100% right due to so many factors such as;
THE MACRO ECONOMIC IMPACT
THE INFLUENCE OF TOP RICHEST CELEBRITIES
THE IMPACT OF BIG WHALES AND
THE SPECULATORS.
Over the week, #Bitcoin reached $68,000 while Altcoins like #Ethereum, #BNB, #Bonk, #Pepe, #Floki appreciated. Yesterday, #Pepe made a significant difference by creating a resistance at 0.00001255, reached 0.00001305 at #BTC $67,000. In less than five hours, #BTC fall to 64,250, #BNB $581, #Pepe $0.00001205.
What could be the cause?

Yesterday, the sale in the S and p which lost $1.1trillion , the sale of Gracescale ($326million), Alphabet lost 5%, NASDAQ 3.64%, Tesla 12.3% in stock. These affected crypto market causing panic among newbies.
But will #BITCOIN conference 2024 which will take place on July 25 to July 27 at Nashville be a game changer? Prominent US politicians like Republican Presidential candidate Donald Trump, US senators Blackburn and Hagerty are invited. Donald Trump is a guest speaker and everyone knows that he'll deliver a positive message.
The bearish of crypto could end in this month following the Bitcoin conference and US election.

#MyFirstSquarePost Hello, Binance Square!
#Pepe's Bull 🐂 run is now . how do know this ? Pepe had new resistant of 0.00001255, making it to reach to reach 0.00001304 at #BTC $67,000.
#Pepe will surpass 0.00001500 in next week