In this game since 2015. Learned a couple of lessons. One of them is holding established cryptos. --- profile picture taken from unsplash. Artist is Matheo JBT
💥 $RAY is remarkably strong right now. It has the biggest momentum of all of #Top100Crypto lately. The gains since the last time I posted about it are nearly 50%.
Those investors who got in when the lows of 2022 were in - these were about $0,15$ at the time - are meanwhile on such a terrific profit if they held through all the hassle since then.
What this shows is that picking the right #altcoin during crypto winter, investing a plausible and meaningful amount of your funds, and then holding onto it for as long as the #AltCoinSeason unfolds can give life changing gains. The challenge here is clearly to find these gems early enough and to recognize the unique properties which make that project so relevant.
Whoever is invested in this token, I am congratulating to you! I wish us all a nice ride ahead 🚀🌕
#Litecoin #LitecoinBoom Litecoin is one of the most underappreciated and thus most undervalued tokens in my opinion. It’s sovereign from the trends which determined the earlier crypto hype cycles and it is still independent from the trends shaping the current hype cycle. It is the number 1 solution for sending money via crypto. As the transaction cost is among the lowest of all established blockchains. The acceptance at point of sales is basically identical to Bitcoin. It’s still very attractive for investors as the price of Litecoin just doubled since it’s last lows in October. I expect Litecoin to atleast reach it’s last ATH from 2021 which was about $400. Given the current hype regarding the coming government of USA pushing crypto really hard, I’d say $800 is definitely possible. And it would be plausible given the fact that it is essentially very similar to bitcoin. And the network of $LTC has never been down since it’s launch in 2011.
This is no invesment advice. Investing into cryptocurrencies comes with increased risks. Do your own research. And trade safe. 🌞
#2024WithBinance was demanding from April till October. But community mood turned into euphoria in early November. Huge gains could be made betting on the right meme coins. I think 2024 will be remembered as a great year for crypto.
Hey binance square, I wrote about it on Nov 3 and I give an update on this now. Currently is not a good time to buy WLD token. In general I assess this token to be a risky investment. Here is my reasoning:
First of all I do not trust Sam Altman. Founding partners of OpenAI left the company because they said they don't trust Sam and that he was dishonest with them about critical areas of the AIs security measures. There were allegations from senior leaders of Sam acting psychologically abusive. So why should we trust him on this "crypto" project? My standards of protection of privacy are high. And to handover a scan of my iris to a highly capitalist company would be the last thing I would want to do. How about you?
Second of all, millions already made this "mistake" and registered their iris with an orb scan. This creates such huge selling pressure on the price, as many of them live in underdeveloped countries and desperately need the WLD rewards. They sell pretty much immediately to buy food and other essentials for life.
So despite that WLD's price has doubled since its last low, I would like to repeat that you should be really careful with your investiment in this project.
The #DelistingNotice caused lots of discontent yesterday. $REN and $KEY holders were caught flat-footed. After receiving a lot of comments to my post about this, I thought I make a little series of posts about this topic, DELISTINGS, to help fellow binanace users to avoid such losses.
The 1st post today will look at what binance does to make sure users understood the risks of tokens that the are marked with the monitoring tag.
The 2nd post will look into common long term chart patterns that can be indications to know beforehand that a token will either receive the monitoring tag or worse, gets the delisting notice.
👉To dive into the first topic I created a screenshot of the user dialog that is shown when opening the trading view of a token with the monitoring tag. Users currently have to take a quiz containing four questions to prove their understanding of the monitoring tag. See the end of this post for the screenshot. Especially the last two questions should be an urgent warning to everyone entering trading or having investing ambitions on such a token. There the following answer has to be selected to be able to begin trading: "Yes I am aware that I might incur losses or even a total loss [...] by trading tokens marked with 'Monitoring'." But still it happens that users get caught in such loss scenarios like yesterday. What else could binance do to make users aware of the risks? Probably show this quiz regularly instead of just once? Or by sending monthly reminders to holders, emphasizing that they are holding a token in risk of being delisted. What are your ideas?
LIVE
the patient hodler
--
Bearish
#DelistingNotice of $REN and $KEY 🦧 🚨 I guess some investors are upset. My empathy to all investors and hodlers who have these losses now!
Basically it's a good thing that binance delists tokens where the underlying project looks lazy or doesn't match binance's quality requirements anymore. But what happened today is certainly a bit different to former delistings. REN had a really healthy looking price development, where it doubled from its Nov 4 low. Despite that showing increasing investor interest and confidence, it will be delisted from the exchange in a couple of days.
The notice had a devastating effect on the price and all the gains since Trump's election win are practically gone. I assume many investors of the last 3 weeks are kinda upset, and I think they are right to be so.
Additionally KEY is also among the tokens that will be delisted. Surprisingly for me. Because if I recall correctly the project was on Binance since 2017 and there were no signs that this longlasting partnership would come to an end in late 2024.
#DelistingNotice of $REN and $KEY 🦧 🚨 I guess some investors are upset. My empathy to all investors and hodlers who have these losses now!
Basically it's a good thing that binance delists tokens where the underlying project looks lazy or doesn't match binance's quality requirements anymore. But what happened today is certainly a bit different to former delistings. REN had a really healthy looking price development, where it doubled from its Nov 4 low. Despite that showing increasing investor interest and confidence, it will be delisted from the exchange in a couple of days.
The notice had a devastating effect on the price and all the gains since Trump's election win are practically gone. I assume many investors of the last 3 weeks are kinda upset, and I think they are right to be so.
Additionally KEY is also among the tokens that will be delisted. Surprisingly for me. Because if I recall correctly the project was on Binance since 2017 and there were no signs that this longlasting partnership would come to an end in late 2024.
$BTC is approaching the biggest price milestone in years. Honestly I anticipated this already in 2021 and was surprised it did not reach it back then. This time it will, no matter what 🤑
I assume we will see this price reached by Friday of this week. And psychology might create enough sell pressure to prevent the price going higher on its first attempt. Additionally As there lie about 2 weeks of big gains behind us, chances aren't that small well see an intermediate correction, a broader correction that will not only affect BTC but most of the market.
Think about selling a fraction of the coins you are in bigger gains. For example Solana or RAY. Wait until the correction heats up, and put the money back into the game. Because the game isn't over at $100k. It's not even halftime.
Please comment under this post if you disagree with any statement made by me.
My assessment in my earlier post is still valid. $LTC has properties that sets it apart from many altcoins that were released during the last years. It's distribution is much fairer compared to most #alts where the founders hold huge percentage of the supply. Thus one can assume that broad market corrections in the coming months wont affect #LTC✅ as much as new altcoins or memecoins. For memecoins I expect heavy sell pressure from whales cashing out. This could help Litecoin propell an X10 towards the peak of this cycle. And I also expect LTC wont crash as hard as many other altcoins.
If you are interested in more reasons I think Litecoin will do very well in the future, see my earlier post that I linked to.
Disclaimer: This is no investment advice.
LIVE
the patient hodler
--
Bullish
🆙️$LTC is on the move.
It's been a while that the increase within 24 hours was greater than 5%. But today that is the case. This coincides with the price breaking through an upper resistance on the 1D chart.
#Altcoinseason2024 will certainly be really good for the value development of LTC. Here are my 2 main reasons:
[1] The price is pretty much at the same level as it has been for the majority of the time in 2023 and 2024. You will most certainly not see a big correction in 2024 because noone who bought after 2021 is in big gains. This leaves a lot of freedom to grow naturally.
[2] LTC is mined like $BTC and has a much better distribution than many new cryptocurrencies that emerged during the last 3 years, where creators and devs often still posses more than 50% of the whole supply. This distribution of LTC which is much fairer means that no big bag holders can put sustained sell pressure on it.
#Ada is on fire 🔥 -- What are your thoughts? -- after consolidating for some days $ADA 's momentum has stated to push its price further up from already great gains since Nov 4th. Under current positive conditions surrounding crypto projects made in the US, ADA might be one of the big gainers of #Altcoinseason2024 and #Altcoinseason2025 😏
I have a small position in it and I will try to make a handful of successful swing trades on it.
Update: Woah, nice leg up yesterday. I suppose there will be another one in case $BTC marches towards $100k in the coming week.
🤕 $WLD looks weak and risky again. Updated assessment of its situation.
I've written about the risks that come with investing in worldcoin already in June and July. Now, after we saw the #Altcoinseason2024 wasn't really happening yet. Just a little runup from the beginning of October which allowed some tokens to X2 or slightly better. Worldcoin was also able to gain X2 from the local lows in August and September. So far so good for short term traders. Medium and long term things look different. Rather Bleak. The upward trendline of the last weeks is clearly broken and it's definitely possible hat another wave of heavy selling occurs in the coming weeks, driving price downwards significantly.
So be very careful about this specific project. There are red lights flashing again.
Please make informed decisions by yourself. This is not investment advice.
The price of RAY found a steady upward direction which starts to look parabolic. Very important within a longer timeframe is that the price broke the March high (by nearly 10%) and the weekly candle closed above this former high.
I see a chance that RAY will shine very bright during the next #AltCoinSeason - It seems a little overbought right now and I think a correction in the coming weeks could retest $2,77 (which is the last high before the current rise).
Despite a luring correction the upward trend is very tangible and given that DEX usage, especially on $SOL #Solana_Blockchain is thriving like never before, essentials are great and give investors and clients enough reasons to get on the boat.
In continuation of my post from 2 days ago, I would like to highlight that RAY pursues its upwards trend. Especially of interest for me is how it behaved during the relatively big price changes of $BTC . RAY's upward movement was stronger compared to the downward price movement while price of BTC decreased. These are often signs of market circustances where the buying side is in control of what happens.
Compared to the whole altcoin market, RAY developed better than average since the August lows. Keep 👀 this token.
In the absence of general market turmoils, it would make a lot of sense for RAY to go above 2,85$ soon. Do your own research. This is not an investment advice.
Review how RAY developed within the last two weeks! As we witness a current uptrend for the overall crypto market (within the timeframe since approximately end of September), RAY specifically stands out with strong gains.
This should not go unnoted. As many coins which were the front runners of the beginning bullrun in 2020 were the ones gaining the most all over all. I see similarities to how $SOL or $FTM made strong gains early into the last #AltCoinSeason
A correction within the next days seems plausible reviewing the development of RSI indicators. Maybe it's your chance to open a position in this token.
I have about 3% of my portfolio in RAY. Do your own research! This is not an investment advice.
I am aware that we can see more downtrend in the coming days. But that's always the case. One has the be prepared for all scenarios. I had a trade setup for altcoins that was dependent of a BTC keylevel (one I deem is a key level, in my setup). The plan was to DCA more alts when BTC is near 62k$. I sticked to the plan despite current buzz around looming war and another selling government. because I am CONFIDENT that my strategy will play out long term.
Leave a like if you bought the dip aswell.🤑 #buythedip 💎👏
The smallest amount I've invested was in $ENA . The biggest in $ETH
It's been a while that the increase within 24 hours was greater than 5%. But today that is the case. This coincides with the price breaking through an upper resistance on the 1D chart.
#Altcoinseason2024 will certainly be really good for the value development of LTC. Here are my 2 main reasons:
[1] The price is pretty much at the same level as it has been for the majority of the time in 2023 and 2024. You will most certainly not see a big correction in 2024 because noone who bought after 2021 is in big gains. This leaves a lot of freedom to grow naturally.
[2] LTC is mined like $BTC and has a much better distribution than many new cryptocurrencies that emerged during the last 3 years, where creators and devs often still posses more than 50% of the whole supply. This distribution of LTC which is much fairer means that no big bag holders can put sustained sell pressure on it.
Although Worldcoin's price nearly doubled from the bottom of early July, it still shows the main direction of its price is downward.
Whereas founders of the token lately decided that they will alter the unlock schedule of 80% of the token supply. From an initial plan having a 3 year period, it is extended to 5 years. But that's not helping too much.
I'd say the biggest selling pressure is coming from millions of already registered WorldID users who don't save their payouts. Instead, they are selling right away to buy essentials.
Price reached $3.23 on July 17. But today, only 6 days later, it fell again to the $2.20 levels. A decrease of 32%. That is very weak!
Be careful when investing in this. I wouldn't be surprised to see it going as low as $1 in the near future, simply because the selling pressure still seems so high and constant.
The overall market sentiment turned a little bearish after the big gains of last week. Stay cautious ✌️
Check my earlier post about worldcoin that I made a reference to. I was sharing some additional thoughts back then.
If you consider investing in $WLD, I would advice to think twice. Have you considered how many tokens are not yet released? The biggest proportion of all tokens will still be unlocked.
Another weak sign is by how little $WLD rose since the market rebound on the weekend. Compare this with the rest of the market. Most coins did way better.